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8th Mar 2022 00:10Eurozone, Daily Monitor

  • The EZ is now in stagflation; growth forecasts will come down, even as inflation projections rise.
  • EZ energy inflation could rise above 40% in the next few months, lifting the headline HICP rate to 7%.
  • Economic activity in Germany picked up in January, but growth through Q1 as a whole will be soft.

core inflation cpi downside risks ECB electricity energy energy cpi energy inflation eu euro euro area gas prices gdp data gdp growth germany government hicp hicp rate imports m1 m1 growth oil oil imports oil prices q1 q2 real incomes real m1 real m1 growth retail sales russia savings u.s. vat

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Keywords for: The Stagflationary Shock is a Reality; What Happens Next?

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