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27th Nov 2024 10:29EurozoneDaily Monitor

  • We still see EZ HICP inflation at 2.3% in November, but we’re lifting our core forecast by 0.1pp, to 2.9%.
  • Our model, based on the negative skew in ESI data,still points to low recession risk in the EZ.
  • The upturn in real M1 growth is a positive—andmincreasingly contrarian—signal for the EZ economy.

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Keywords for: 29 November 2024 Eurozone Monitor

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