Euro zone on brink of recession

Discussion in 'General Discussion' started by Notch7, 22 Jan 2019.

  1. Notch7

    Notch7

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    Sshhh....dont tell remainers


    #euroboom has turned to #eurogloom. GDP data scheduled for release later this month are likely to confirm that in the final three months of 2018 Italy’s economy contracted for a second consecutive quarter, satisfying one of the technical definitions of a recession. Germany appears to have escaped recession, but only just. The euro area, formed in January 1999, may pass its anniversary on the brink of another downturn.

    The euro has been an economic fiasco. GDP growth in the euro area has lagged behind that in other advanced economies, and in the European Union as a whole, throughout its life—before the financial crisis, during the global recession and its euro-area encore, and even during the recent #euroboom. Perhaps the area would have done as badly without the single currency. But attempts to estimate euro-zone performance relative to a counterfactual world sans euro suggest not. The past decade has been especially brutal. A list of the world’s worst performers in terms of real GDP per person since 2008 contains places suffering geopolitical meltdowns—plus the euro-area periphery. Greece has been outgrown by Sudan and Ukraine. Cyprus and Italy have been beaten by Brazil and Iran; France and the Netherlands by Britain.
     
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  3. noseall

    noseall

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    Same old whipping boys, yawn. We're leaving, who cares.
     
  4. If you know 'anything' about economics & have even the faintest clue about how an economy works . . . Then you will understand that the UK leaving the EU means it's all over. Whatever the ****** spouted by your MSM of choice is, it is game over for the EU.

    You all think that you have the answers & you all think that you can solve the problems yet the people have spoken & the people say "OUT".

    If you have a problem with this, then you have a problem with the people.
     
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  5. noseall

    noseall

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    I wish I had the faintest clue how a hard border is gonna work over in Eire. Worra mess.
     
  6. SirGalahad

    SirGalahad

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    Notch where's that from?

    Economist Free Exchange. (y)
     
  7. SirGalahad

    SirGalahad

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    What's all over? Regale us with your opinion.
     
  8. JohnD

    JohnD

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    You mean, you are making a prediction based on your guesswork.
     

  9. John

    Ask him what is his source?
     
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  11. Notch7

    Notch7

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    Oops forgot to include link
    https://www.economist.com/finance-a...utm_campaign=Daily_Dispatch&utm_term=20190122

    Elsewhere:
    “The region remains stuck in a soft-patch,” said Chris Williamson, an economist at IHS Markit. “The survey responses highlighted intensifying headwinds of Brexit and trade-war worries, a struggling autos sector and rising uncertainty regarding the economic and political outlook.
    https://www.bloomberg.com/news/arti...owth-is-here-to-stay-as-italy-recession-looms

    A more measured view:

    While some recent indicator readings are worrying, we do not believe the data at present suggest a Eurozone recession is either imminent or inevitable
    https://www.fxstreet.com/analysis/is-the-eurozone-economy-close-to-recession-201901221716

    I do believe that a no deal risk is a worry for Germany, Holland, France and is generating negotiating leverage. Im not the sure such worry would encourage the EU to allow a deal with no backstop.....probably not.
     
  12. Notch7

    Notch7

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    I only read the Daily Mail.

    I took advice from JohnD, he's always quoting from it
     

  13. We need to jump before go down with them...
     

  14. A good read...... Do they still have an agony Aunt?
     
  15. Notch7

    Notch7

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    You must be thinking of the Sunday sport :ROFLMAO:
     
  16. SirGalahad

    SirGalahad

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    Lol. You should think that through and look at EU gdp growth and compare that to the UK as well as factor in China and the worlds slowing growth.
     
  17. noseall

    noseall

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    Anybody want to tell Bodd…..?
     
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