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8th Mar 2023 16:02Eurozone, Daily Monitor

  • EZ GDP in Q4 was revised down and, to two decimal places, it fell; an EZ recession is still on the cards.
  • Still, the ECB will see the data as a sign of resilience as the outcome was much better than it predicted.
  • A shallow recession will not deter the ECB from hiking by 50bp both next week and in May.

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Keywords for: 9 Mar 2023 Eurozone Monitor

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