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7th Jul 2025 16:40EurozoneWeekly Monitor

  • Net exports warn of a downside surprise in German Q2 GDP; we look for zero growth. 
  • Manufacturing and services are upside risks to Q2 growth in Germany; construction was a drag. 
  • The upturn in real M1 growth points to accelerating German GDP growth from early 2026 onwards.

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Keywords for: 9 July 2025 Eurozone Monitor

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