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6th May 2022 00:10Eurozone, Daily Monitor

Our baseline view now is that Europe is moving seriously to rid itself of Russian energy supplies.

But a gas embargo will not be implemented overnight, which should smooth the economic hit.

German growth will be hit hardest, but we are lowering our forecasts for France and Italy too.

ECB electricity energy energy prices eu euro ez gdp france gas prices gdp growth imports italy March May natural gas natural gas prices oil policy q1 q2 q3 q4 recession russia services activity spain spanish

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Keywords for: The EZ Inches Closer to an H2 Recession in our New Forecasts

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