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  • A crash in Irish GDP stung EZ growth in Q1, but the trend ex-Ireland was firm before the US-Iran war.
  • We see EZ GDP, ex-Ireland, increasing by 0.1% in Q2, before rising a touch quicker in Q3 and Q4, to 0.2%.
  • A slowdown in consumption still lies ahead as growth in real incomes takes a hit.

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Keywords for: 8 June 2026 Eurozone Monitor

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