
Macro - Weekly Briefings - Eurozone
Description
Macro - Weekly Briefings - Eurozone
Different forces are pulling the eurozone economy in opposite directions. The impact of the war in Ukraine continues to cause an energy-driven inflation surge and a massive hit to confidence, as well as an exacerbation of the pre-existing problems in supply chains. Meanwhile, the improvement of the health situation and the easing of Covid restrictions is fuelling a strong recovery in the services sector, highlighted by the strong PMI readings for April.
Different forces are pulling the eurozone economy in opposite directions. The impact of the war in Ukraine continues to cause an energy-driven inflation surge and a massive hit to confidence, as well as an exacerbation of the pre-existing problems in supply chains. Meanwhile, the improvement of the health situation and the easing of Covid restrictions is fuelling a strong recovery in the services sector, highlighted by the strong PMI readings for April.
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