6 Sept 2022 Eurozone Monitor The End of Russian Gas Flows is Pushing the EZ into Recession

Melanie Debono (Senior Eurozone Economist)2nd Sep 2022 15:26Eurozone, Daily Monitor

The surge in gas prices adds to our conviction that inflation will remain high, despite a hit to EZ activity.
A probable EZ recession is weighing heavily on the outlook for Switzerland’s economy in H2.
EZ investor sentiment tumbled in September; it will sour further as the ECB continues to hike.

construction consumer spending ECB electricity energy energy inflation equities eu euro exports ez equities france futures prices g20 gas prices gdp growth germany governing council government inventories investor sentiment italy manufacturing March May net trade oil oil price opec pmi policymakers q2 q4 recession sentix services activity services index supply chain trade u.s. us

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