The keys of the week – March 18, 2024
My point of attention: the price of bitcoin beyond 70,000 USDExpected this week: the Fed meeting The pdf document is here Body 7 themes this week => What does the…
Philippe Waechter's blog
Employment – key to the European cycle momentum
The pace of economic activity in the euro area will depend on the profile of the labor market.Three starting points:1 – Surveys suggest that businesses and households are rather pessimistic. The results are everywhere below…
Inflation slows sharply in the euro area in September
The inflation rate in the euro area stood at 4.3% in September compared to 5.3% in August. This is the lowest figure since October 2021. The underlying inflation rate was 4.55% compared to 5.3%…
Keys of the Week – January 16, 2023
Understand the macroeconomic events of the past week.US inflation, wages in Europe, industrial production in Europe and inflation and foreign trade in China
Employment is on the rise in the Eurozone but productivity is a drag
Employment in the Eurozone increased by 0.5% in the last quarter of 2021. Over one year, it increased by 2.1%. The level of employment is now higher than that seen…
Wages and the ECB monetary policy
Discussions on wage dynamics in the Euro Area. The momentum is now higher (2%) but not sufficient to push core inflation on the upside. The enigma is not solved yet.…
Wage trends and employment – My Monday column
The minutes of the ECB’s March meeting reflect the central bank’s confidence in economic activity conditions in the euro area. The most noteworthy point reflecting this perception is the removal…
United Kingdom – Slowdown for the wage purchasing power
For the English salaryman, the situation is becoming more complex. The higher inflation rate is currently reducing the gap with the nominal wage growth (graph 1). The figure for wages…