In January, the business situation is robust in the Eurozone
The Markit index for the entire economy of the Euro zone dipped in January 2022. It stood at 52.4, losing almost one point compared to December. Economic activity continues to…
Philippe Waechter's blog
Eurozone – Inflation will be above 3% in 2022
Inflation stood at 5% in December and at 2.6% on average over the year 2021. The core inflation rate is at 2.6% over one year and at 1.5% on average.A…
Activity is running out of steam in Europe, the 5th wave is the explanation
The uncertainty linked to the new variant of the Covid weighs on economic activity in December.All the survey indicators for the month are deteriorating. This is particularly the case for…
US stimulus, rising rates, the dollar and the euro area
With US yields rising, the rest of the world follows in their wake.This surge is driven by two factors: 1 – the swift upturn in oil prices, which translate expectations of…
From Today to Tomorrow – November 16 – Risks on the recovery in the euro zone
The resumption of growth in the euro zone, beyond the second lockdown, will be more dependent than in the past on the dynamics of its internal demand. The world is…
From Yesterday to Today – October 30 – Spectacular rebound in growth while awaiting containment
The GDP in France and in the Eurozone countries has clearly improved over the three Summer months. Nevertheless, the level of activity remains a little below 4% of the 2019…
From Yesterday to Today – October 26 – In the short term, the biggest threat is deflation
The low inflation observed in the euro zone will translate into very weak wage dynamics. Demand will be weak while health constraints will weigh on activity. A situation that will…
The ECB and its forecasts
The ECB has increased the size of the specific pandemic plan. The PEPP (Pandemic Emergency Purchase Program) which amount was 750 billion usable until December 2020 is increased to 1350…