In our opinion, this week’s media coverage of the June EC and Ifo surveys was too downbeat. Both indicators are still consistent with annual GDP growth of over 2%. Other data told a familiar story of subdued underlying price pressures. Meanwhile, at this week’s European Council meeting, policymakers reached a preliminary agreement on managing migration from outside the bloc. But the plans were light on detail. What’s more, progress towards a euro-zone fiscal union seems glacial at best. Next week’s key data releases include German industrial production, which could add to concerns about a slowdown in the German economy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services