Tag: Recession
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Some context on today’s GDP statistics
Robert Abela is quick to declare victory laps but it is important to give some context to the 3.9% growth rate registered in Q2 before assuming that things are all fine. Apart from the seasonality aspect of the figure, the statistics also showed slowing local consumption, paired with European recessionary vibes. The growth rate is…
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Inflation in Europe is still sticky
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…
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European recessionary vibes continue
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…
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Recessionary vibes
Europe seems to be sliding into a recession after a nearly year-long consecutive reduction in its PMIs. The European manufacturing sector is slowing down and this downturn pairs with China’s current economic sluggishness. The UK seems to be slowing down as well. Relatively, the US seems to be the strongest link, but the US is…
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Edward Scicluna says that the gas situation is not bad
Malta’s central banker, Edward Scicluna has come out with a bullish position on the European economy citing reports that the gas situation in Europe has been resolved not just for this Winter alone, but most probably also for the Winter after. Negative predictions on the European economy were previously made on the assumption that gas…
