In case you missed it while markets were melting down over the U.S.-China trade war, Europe's economy is hitting the skids.
Berlin expects economic growth of 0.5% this year, but that may be against the headwind of a quarterly contraction once the next batch of GDP data come out.
A messy British divorce from the European Union, if one happens in October, will be a more serious shock to Continental economies than some leaders seem to realize.
For all the blame directed at Mr. Trump by European leaders, much of Europe's economic misery has been created closer to home.
Everyone's preferred solution for Germany's economy is for the government to spend more on Keynesian public works projects.
If monetary maneuvering created durable economic growth, Europe wouldn't be in its current predicament.
Its leaders should know by now what they need to do to revive their economies, but their inability to do it paves the way for an autumn of discontent.
https://www.wsj.com/articles/europes-autumn-of-economic-discontent-11565388416?mod=hp_opin_pos_3
Berlin expects economic growth of 0.5% this year, but that may be against the headwind of a quarterly contraction once the next batch of GDP data come out.
A messy British divorce from the European Union, if one happens in October, will be a more serious shock to Continental economies than some leaders seem to realize.
For all the blame directed at Mr. Trump by European leaders, much of Europe's economic misery has been created closer to home.
Everyone's preferred solution for Germany's economy is for the government to spend more on Keynesian public works projects.
If monetary maneuvering created durable economic growth, Europe wouldn't be in its current predicament.
Its leaders should know by now what they need to do to revive their economies, but their inability to do it paves the way for an autumn of discontent.
https://www.wsj.com/articles/europes-autumn-of-economic-discontent-11565388416?mod=hp_opin_pos_3
No comments:
Post a Comment