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3 Aug 2022 EZ Monitor The German Economy is Likely in Recession; When is the Recovery?

Claus Vistesen (Chief Eurozone Economist)2nd Aug 2022 15:01Eurozone, Daily Monitor

Risks are tilted towards a downward revision of Q2 GDP growth in Germany, to a small contraction.

Near-real-time data in Germany are holding up, but surveys and real M1 growth are terrible.

Germany is now likely in recession; we expect tentative signs of a rebound by Q1-23.

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