BERENBERG economist Felix Schmidt said eurozone Q2 GDP rose 0.4% QoQ, beating consensus and improving on Q1’s zero growth — a positive signal for the ECB. PMI readings point to a solid start to Q3. Schmidt warned inflation dynamics — and thus policy

2026-07-30

BERENBERG economist Felix Schmidt said eurozone Q2 GDP rose 0.4% QoQ, beating consensus and improving on Q1’s zero growth — a positive signal for the ECB. PMI readings point to a solid start to Q3. Schmidt warned inflation dynamics — and thus policy pressure — will depend heavily on the Iran conflict and energy prices; if the US and Iran agree a ceasefire, the ECB could keep policy rates unchanged and the eurozone could achieve robust growth in 2026.