Europe is in a recession with consecutive slowing GDP prints now coming to 0 GDP growth in the second quarter of this year with an inflation rate of 5.3% and an increase of home prices at 0.8%. These are the kind of numbers you don’t want to see: a combination of sticky inflation and no growth that can significantly drag down the economy or lead to a bit of a crisis.
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[…] Recessionary vibes are out today in Europe with today’s German inflation data coming out sticky with electricity prices, especially in gas propping up inflation higher than expected in various regions. Meanwhile, Italian industrial production continues to slow significantly once again. Other inflation statistics all show that in general, inflation in Europe remains sticky such as in Italy and Spain. […]
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