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30 June 2022 Spain's Outlook Is Better Than Italy's, Despite Higher Inflation

Claus Vistesen (Chief Eurozone Economist)29th Jun 2022 15:01Eurozone, Daily Monitor

The Spanish economy gained steam in Q2, and probably will do so again in Q3, thanks to tourism.

Italy’s economy will not be so lucky. We have revised down our forecast for H2 & now expect a recession.

One-off fiscal measures in Germany will result in uncomfortably high EZ core inflation for longer.

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