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24th Aug 2023 20:24Eurozone, Weekly Monitor

  • Inventories came to the rescue for German GDP in Q2, but a reversal looms in the second half.
  • Consumers’ spending in Germany is likely now rebounding, but it will barely show in the GDP data.
  • The squeeze on EZ money supply continues, but it likely overstates the weakness in economic activity.

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Keywords for: 29 August 2023 Eurozone Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence