The Eurozone recorded a 3.6% budget deficit in 2023. This follows deficits of 3.7% (2022), 5.2% (2021), and 7.0% (2020). Yet, #debt -to-GDP has declined, also with a little help from #inflation , to 88.6%. Compared to the pre-Great Financial Crisis, which triggered the trend of
Ich frag mich, wie man sich die Lohnsteigerungen, die die Inflation weiter hoch bzw. höher als in der Eurozone halten, ansehen und auf die glorreiche Idee kommen kann, für eine Arbeitszeitverkürzung im Ausmaß von 10-20% zu plädieren. Bad timing.
Tonight US/UK/Eurozone PMI data will come. Our markets may react to that. My view is bearish. But the initial reaction (opening) can be in any direction.
The smart folk at the ECB looking to set policy according to Eurozone data. Not US Hope the RBA are smart enough to set policy according to Australian data
Here are the outputs of my #MaryModel on #Brent#CrudeOil claiming I'm going well with meant Eurozone recession I started a while ago. if any remembers. Any my generated technical output may be never considered as investing advice or used for. It's presentation of IT,AI...
Eurozone PMI surveys continuing to improve, led by the services sector. Gains help ease some of the pressure on the ECB as the economy appears to be showing tentative green shoots after a tough period. Early euro strength playing out thus far this morning... #FX#Forex
As expected, but still quite regretful, Bulgaria won't be joining the Euro from 1st Jan 2025 - because of the inflation criterion that inflation should be at most 1.5 pp higher than in 'best performing countries' - a criterion not suited for our times...🇪🇺 politico.eu/article/bulgar…
Unlikely. Most of the rest of the world is in worse shape than the U.S.
Japan, UK, Eurozone, and China have all entered recession territory or are close to it. Plus, according to path set by the USD, World GDP growth still has downside ahead. 🧵
Even though the Eurozone #debt -to-GDP level is declining (but remains well above the pre-Great Financial Crisis level), it will not change that much for the #ECB . Since the European debt crisis, Eurozone monetary policy has been set to support the weakest link. Recording a 7.1%
