The latest survey and activity data suggest that, after stagnating in Q4, euro-zone GDP returned to growth in the first quarter. But a recession in the remainder of 2023 still seems likely to us. Meanwhile, the recent extension of energy support measures in Italy is not a reason to worry about the public finances. Next week, we expect to learn that euro-zone industrial production rose strongly in February while retail sales fell further.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.