The energy shock has played a relatively minor role in slowing down euro area export growth but may have had greater impact in more exposed sectors.
Structural changes in energy costs may further harm euro area competitiveness, our #EconomicBulletin shows https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202303.en.html#toc17

🐦🔗: https://n.respublicae.eu/ecb/status/1659490408785670146