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24th Mar 2023 16:37Eurozone, Weekly Monitor

  • The PMIs jumped in March; we now think GDP growth was zero in Q1, up from -0.2% previously...
  • ...But we are downgrading our forecast for the rest of the year, due to weakness in investment.
  • The jump in the March PMIs is good news for ECB hawks, but the Q2 bank lending survey won’t be.

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Keywords for: 27 Mar 2023 Eurozone Monitor

bank lending, ECB, eurozone, gdp, gdp growth, growth, March, March pmis, markets, pmis, q2, survey, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence