European Economics Thread
- Thread starter PiSigma
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Yes, German and Europe as a whole have become more dependent on trades from China, because their own idiotic policies have made their own industries not competitive.
As we discussed in the NEV thread, the entire German auto industry will depend on China to supply batteries for their future EVs. If Europeans are trying to get their supply chain diversified, they are doing a terrible job!
As we discussed in the NEV thread, the entire German auto industry will depend on China to supply batteries for their future EVs. If Europeans are trying to get their supply chain diversified, they are doing a terrible job!
Is this how europe will save its economy/demographics?
Another BJP MASTERSTROKE
Another BJP MASTERSTROKE
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Inbe4 asians starts importing EU woman
A lot of problems with European economy
Citi estimates UK hit 18.6% inflation by January. That's disastrous for British economy
zinc and aluminum shuttering everywhere in Europe. No relief in sight for high energy intensive European industries
fertilizer producer stopping production
Venezuela sense European desperation and looking to improve its position.
The insanity of European foreign policy means that they will rather follow this tortured Neo-liberal direction rather than saving their own industries. Absolute insanity.
As expected, German economy is teetering.
this is what's facing German industries
Looks like some European countries under this is insanity
Citi estimates UK hit 18.6% inflation by January. That's disastrous for British economy
zinc and aluminum shuttering everywhere in Europe. No relief in sight for high energy intensive European industries
fertilizer producer stopping production
Venezuela sense European desperation and looking to improve its position.
The insanity of European foreign policy means that they will rather follow this tortured Neo-liberal direction rather than saving their own industries. Absolute insanity.
As expected, German economy is teetering.
this is what's facing German industries
Looks like some European countries under this is insanity
Vomit emoji
"18% inflation"..... meaning real inflation is closer to 30%, LOL.
LONDON, Aug 22 (Reuters) - British consumer price inflation is set to peak at 18% - nine times the Bank of England's target - in early 2023, an economist at U.S. bank Citi said on Monday, raising his forecast once again in the light of the latest jump in energy prices.
"The question now is what policy may do to offset the impact on both inflation and the real economy," Benjamin Nabarro said in a note to clients.
Consumer price inflation was last above 18% in 1976.
The front-runner to become Britain's next prime minister, Liz Truss, was likely to come up with measures to support households that would have a limited offsetting impact on headline inflation, Nabarro said.
With inflation now set to peak substantially higher than the Bank of England's 13% forecast in August, its Monetary Policy Committee was likely to conclude that the risks of more persistent inflation have intensified, the note said.
"This means getting rates well into restrictive territory, and quickly," Nabarro said.
"Should signs of more embedded inflation emerge, we think Bank Rate of 6-7% will be required to bring inflation dynamics under control. For now though, we continue to think evidence for such effects are limited with increases in unemployment still more likely to allow the MPC to pause around the turn of the year," he added.
The BoE announced a rare half percentage-point interest rate increase earlier this month and investors expected another big move when the MPC makes its next scheduled monetary policy announcement on Sept. 15.
Nabarro said he expected Britain's retail price index - which is used to set the return on inflation-linked bonds - would peak at over 20%.
UK inflation to hit 18% in early 2023, Citi forecasts
LONDON, Aug 22 (Reuters) - British consumer price inflation is set to peak at 18% - nine times the Bank of England's target - in early 2023, an economist at U.S. bank Citi said on Monday, raising his forecast once again in the light of the latest jump in energy prices.
"The question now is what policy may do to offset the impact on both inflation and the real economy," Benjamin Nabarro said in a note to clients.
Consumer price inflation was last above 18% in 1976.
The front-runner to become Britain's next prime minister, Liz Truss, was likely to come up with measures to support households that would have a limited offsetting impact on headline inflation, Nabarro said.
With inflation now set to peak substantially higher than the Bank of England's 13% forecast in August, its Monetary Policy Committee was likely to conclude that the risks of more persistent inflation have intensified, the note said.
"This means getting rates well into restrictive territory, and quickly," Nabarro said.
"Should signs of more embedded inflation emerge, we think Bank Rate of 6-7% will be required to bring inflation dynamics under control. For now though, we continue to think evidence for such effects are limited with increases in unemployment still more likely to allow the MPC to pause around the turn of the year," he added.
The BoE announced a rare half percentage-point interest rate increase earlier this month and investors expected another big move when the MPC makes its next scheduled monetary policy announcement on Sept. 15.
Nabarro said he expected Britain's retail price index - which is used to set the return on inflation-linked bonds - would peak at over 20%.
Yes, inflation at 10% right now, whereas interest rate is only 1.75%. Bank of England is too scared to raise interest rates right now.
Just a collection of recent UK news, note these are all from the BBC, not RT/Global times: