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2nd Aug 2023 20:06Eurozone, Daily Monitor

  • Spanish GDP growth will slow in H2 but still be stronger than in the rest of the big four.
  • Italy’s composite PMI points to a technical recession; our baseline is for no recession, for now.
  • Swiss inflation fell further below the SNB’s 2% ceiling in July, but the Bank will still hike again in September.

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Keywords for: 4 August 2023 Eurozone Monitor

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