Pantheon Macroeconomics

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5th Aug 2022 15:25Eurozone, Daily Monitor

We now think it’s likely that the EU manages to fill its gas storage levels to the target 80% by November.

Storage will be drained more this winter than in the past, given lower flows, even assuming no cold snap.

This is despite rationing, which we doubt can be avoided, and will push the EZ into recession by Q4.

credit electricity energy energy consumption eu france germany government imports italy manufacturing March May natural gas netherlands November oil policymakers private firms recession russia summer technical recession transport winter

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Keywords for: 9 Aug 2022 EZ Monitor

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