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28 July 2022 EZ Monitor Italian Surveys Softened in July; EZ Real M1 Growth is still Depressed

Claus Vistesen (Chief Eurozone Economist)27th Jul 2022 14:52Eurozone, Daily Monitor

The slowdown in real M1 growth continues to suggest that the EZ economy is now in recession.

ISTAT’s ESI for Italy for July supports our view that Italy, with Germany, will be drags on EZ activity in Q3.

Consumers are shifting their attention to the worsening economic environment.

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