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.
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