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7 July 2022 Is Germany Already in Recession? It's a Tight Call, but We Think So

Claus Vistesen (Chief Eurozone Economist)6th Jul 2022 14:49Eurozone, Daily Monitor

Germany is now likely in recession, but net trade in services is a wild card for the Q2 GDP print.

By contrast, we are revising up our Spain Q2 GDP forecast, again; we now look for a 1.0% q/q rise.

Inflation was weighing on retail sales mid-way through Q2, but spending probably still rose.

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