bearish
EA: Technically in Recession
380 Views08 Jun 2023 21:14
SUMMARY
- EA GDP growth extended the disappointment from the initial Q1 estimate by flipping the sign into a 0.1% q-o-q decline, while Eurostat also revised 4Q22 into a fall.
- Although technically a recession, the EA is not enduring a typical correction of excesses as employment is still booming. Surveys disagree about the Spring performance.
- Activity suffers short-term from real wage weakness, but that is better than the alternative in the UK, where bumper pay deals feed gratuitous second-round effects.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
- EA: Disinflationary Gravity in Sep-2329 Sep 2023
- EA Slowdown Exaggerated in Summers28 Sep 2023
- European Epicentre to Shrinkage So Far24 Aug 2023
- Services Requesting Rate Hikes23 May 2023
- ECB: More Ground to Cover Over Months05 May 2023
x