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7th Sep 2022 15:17Eurozone, Daily Monitor

  • The EZ economy grew by 1.0pp more than the ECB expected in H1, supporting a 75bp hike today.
  • Consumers’ spending rose strongly in Q2, even as real wages fell; that won’t be repeated in H2.
  • Inventories and net trade will be a drag on growth in H2, helping to push the EZ economy into recession.

ECB ecb meeting employment energy euro euro area Euro area GDP eurozone economy external surplus ez households gdp growth government government spending h1 growth household demand household spending inventories ireland net trade q1 q2 q3 q4 real estate real incomes refinancing savings stocks trade wages winter

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Keywords for: 8 Sept 2022 Eurozone Monitor

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