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  • We doubt that a rapprochement between the US and Iran will get the ECB off the hook next month.
  • Wage growth in the EZ remains subdued, but risks are tilting to the upside for next year.
  • French industry and Italian retail sales ended Q1 on a solid note; the fall in EZ April PMIs is confirmed.

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Keywords for: 7 May 2026 Eurozone Monitor

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