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8th Jun 2023 15:52Eurozone, Daily Monitor
- A crash in Irish capex and falling public spending pushed the EZ into recession in Q4 and Q1.
- We think consumers’ spending is rebounding, but capex is slowing; growth will be zero in Q2 and Q3.
- EZ GDP is set to rise by just 0.3% this year, but the labour market will stay resilient.
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Keywords for: 9 June 2023 Eurozone Monitor
capex, June, labour, labour market, public spending, q2, q4, recession, technical recession, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence