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24th May 2024 12:58EurozoneWeekly Monitor

  • German GDP growth was propelled by construction and net exports in Q1; neither will be sustained…
  • …but growth in manufacturing capex is bottoming out and real income growth is accelerating.
  • We think GDP growth will slow in Q2, to 0.1%, as construction investment and net exports fall back.

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Keywords for: 28 May 2024 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence