Economic Growth
Krzysztof Bledowski, Ph.D. |
05/14/2013 |
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Things are not moving up in Europe’s economic tables.
Income and employment continue to sag amid languishing business sentiment, unfinished recovery of the financial sector, and continued political malaise. The euro area’s GDP will finish 2013 down about ½ percent on the year before. The ECB’s recent interest rate cut is helpful but unlikely to gain much traction. That’s because the private sector isn’t in the mood to add or refinance debt. In...
Krzysztof Bledowski, Ph.D. |
01/24/2013 |
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European manufacturing is on a steep retrenchment course. It all started, paradoxically, just as financial markets stabilized in the wake of the European Central Bank’s “whatever-it-takes” moment this past summer. Since August, industrial production shed a total of about 3.5 percent in just three months in the Eurozone and further declines are in the offing. From Poland’s recent domestic release the news comes even bleaker: the country, which...
Categories: Economic Growth, Europe - Central, Europe - Eastern, Eurozone
Krzysztof Bledowski, Ph.D. |
11/20/2012 |
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The near-term horizon for Europe looks cloudy.
Economic growth has slowed to a crawl across the EU and started falling in the Eurozone in the third quarter. Some countries have been mired in a recession for over a year, including Spain, Italy, and Portugal. Even central Europe has not been spared: GDP fell for four consecutive quarters in the Czech Republic and for three in Hungary. With German domestic demand softening as well, it is a matter...
Categories: Economic Analysis, Economic Growth, Eurozone, IMF