Pantheon Macroeconomics
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15th Jul 2022 15:55Eurozone, Daily Monitor, Weekly Monitor
The EZ trade deficit narrowed in May, helped by a 4.8% month-to-month leap in exports.
The cost of EZ energy imports likely will rise further, but volumes could fall as Russia cuts off the gas.
Imports from China were still soaring in Q2, but we think they will cool soon.
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