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30th Mar 2022 00:10Eurozone, Daily Monitor

  • Consumer confidence in the core is falling sharply, reflecting mainly worries of rising inflation.
  • EZ real wages are now falling, but savings will support spending in Q2, before a sharp slowdown in H2.
  • Fiscal support and a quicker reduction in household savings are the main upside risks to our baseline.

consumer confidence consumer sentiment electricity energy germany gfk consumer sentiment income growth insee labour labour market March real wages savings savings rate spain spending growth stocks surveys unemployment wages

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Keywords for: EZ Consumers are Worried About Inflation, For Good Reason

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