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Eurozone Inflation Stubbornly High Despite Slight Dip in June
381 sats \ 5 comments \ @TomK 17 Jul econ
In June, inflation in the Eurozone remains well above the target rate of 2%. Eurostat reported that the annual inflation rate edged down slightly to 2.5% from May's 2.6%. This second estimate, confirming the initial July 2nd projection, was in line with economists' expectations. The European Central Bank (ECB) continues to aim for a 2% inflation rate in the medium term.
Core inflation, which excludes volatile items like energy, food, alcohol, and tobacco, held steady at 2.9% in June. This measure is closely watched by economists to gauge the underlying inflation trend.
The Eurozone, currently navigating a recessionary environment, faces a prolonged period of stagflation with no investment incentives on the horizon. The ECB faces a tough challenge: easing monetary policy while supporting the weakening euro.
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56 sats \ 2 replies \ @IamSINGLE 17 Jul
The Europeans must form some kind of revenge to all the state rin propoganda. I'm surprised that after so much of economic difficulties, noone is lining up against governments!
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13 sats \ 0 replies \ @TomK OP 17 Jul
the European middle class, and this is crucial, lives from the savings of the two previous generations after the Second World War. if you have eaten this up in your moralizing and your fight against the imagined climate change, then this is where the party breaks out
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13 sats \ 0 replies \ @TomK OP 17 Jul
the European middle class, and this is crucial, lives from the savings of the two previous generations after the Second World War. if you have eaten this up in your moralizing and your fight against the imagined climate change, then this is where the party breaks out
reply
56 sats \ 1 reply \ @Coinsreporter 17 Jul
Why would there be investment if the governments are running a full fledged propoganda about 'net zero'? ECB should realise that their efforts wouldn't suffice in the long run if countries do not show a willingness to attract investment.
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13 sats \ 0 replies \ @TomK OP 17 Jul
the premise for all this madness is that the eurocrats are genuine socialists. these creatures are firmly convinced that such a complex economy can be controlled centrally. their green transmission has therefore only failed because of resistance from libertarians or market economists
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