inflation

Europe’s economy has recovered from the dislocations and restrictions related to the Covid-19 pandemic, but the overall picture remains disappointing. During the past decade, the average annual growth rate of gross domestic product (GDP) in the European Union was about 1.5 percent, and preliminary estimates for 2023 are below 1 percent. Some believe that the […]

Last week, the European Central Bank (ECB) held a session where they chose to keep the key interest rates unchanged. This decision came as a disappointment to many who were hoping for a slight reduction, given that inflation seemed to be under control. However, the situation may not be that straightforward. Across the eurozone, unions […]

Today’s irresponsible economic policies are repeating historical mistakes, risking catastrophic consequences similar to those experienced in the past. In November 1923, a century ago, Germany’s post-war inflation reached its peak. One kilogram of rye bread was priced at 223 billion marks, and beef prices had soared past the trillion mark. Post-war Germany was facing exorbitant […]

The fight against inflation has produced encouraging results: according to the latest reports, core inflation was 4.1 percent in September in the United States (4.8 percent in June), 4.2 percent in October the eurozone (5.5 percent in June) and 6.1 percent in the United Kingdom (6.9 percent in June). This is the good news. The […]

  In contrast with earlier predictions, most pundits now believe that the fight against inflation will not produce widespread recession. Current worries focus on the consequences of the Chinese slowdown rather than on the performance of the Western economies. Yet, growth in the West remains far from stellar. In the United States, gross domestic product […]