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13th Jun 2022 00:20Eurozone, Daily Monitor, Weekly Monitor

The Irish boost to EZ GDP growth in Q1 will have a reverse impact on growth in the second quarter.

We now expect EZ GDP growth of 0.4% quarter-on-quarter in Q2, 0.1pp lower than previously.

The risks to our forecast for a weak H2 are to the up-side, especially if the gas embargo remains elusive.

bank lending capex consumer confidence credit ECB energy eu exports ez gdp gdp data gdp growth gdp report h2 forecasts intellectual property ip ireland ism labour labour market loans m1 March national accounts net exports oil q1 q1 gdp q2 q2 growth q3 q4 real m1 recession technical recession trade u.s.

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