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1st Aug 2023 20:26Eurozone, Daily Monitor

  • Many commentators are disappointed with the EZ recovery; we recommend they look at nominal GDP.
  • The rise in nominal GDP is part of a fundamental shift in the EZ economy post-Covid.
  • Nominal yield curves suggest the ECB is over- tightening; the real yield curve tells a different story.

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Keywords for: 3 August 2023 Eurozone Monitor

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