Euro Weekly Digest

The European economy shows resilience to energy shocks, with robust retail and production data supporting a modest Q2 GDP growth estimate. Despite some dovish sentiment within the ECB, analysts maintain a forecast for a final rate hike in September.

Key Takeaways

• 1.European economic data shows resilience to the recent energy shock, with Q2 GDP growth nowcast at +0.18% q/q.
• 2.Despite a dovish tone emerging from some ECB members, Deutsche Bank expects a final rate hike to 2.50% in September.
• 3.Marine Le Pen is eligible to run for the French presidency in 2027 following a reduced court sentence.

Table of Contents

• Week in review
• Week ahead
• Euro area retail sales
• May industrial orders and production
• Final country June HICP
• June household inflation expectations
• Accounts of the June ECB meeting
• ECB Commentary
• Le pen to run for French presidency
• Fiscal spending
• Credit ratings
• Topical news this week
• ECB Schedule
• DB European Economics publications
• Other key DB European Economics publications
• Iran Shock
• ECB/Monetary policy
• Inflation
• Activity
• Money and credit
• Fiscal
• Appendix 1

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