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09-04-2016, 04:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
PARIS – If you do not understand what is happening to the eurozone economy, you are not alone. One day we are told that growth is definitely passé; the next that recovery is on track; and the third that the European Central Bank is considering sending checks to all citizens to boost output and revive inflation. Rarely has the economic picture been so confusing.
This may be a temporary lull or a statistical illusion. But with no evidence that it will end, policymakers have downgraded their forecasts. Since 2010, the US Congressional Budget Office has lowered its outlook for productivity growth in the decade to 2020 from 25% to 16%; so has the United Kingdom’s Office for Budget Responsibility, reducing its forecast from 22% to 14% productivity growth. Everyone is adjusting to leaner times.
https://www.project-syndicate.org/co...-ferry-2016-03 (https://www.project-syndicate.org/commentary/eurozone-monetary-policy-helicopter-drops-by-jean-pisani-ferry-2016-03)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?227962-Preparing-for-Europe’s-Next-Recession&goto=newpost).
PARIS – If you do not understand what is happening to the eurozone economy, you are not alone. One day we are told that growth is definitely passé; the next that recovery is on track; and the third that the European Central Bank is considering sending checks to all citizens to boost output and revive inflation. Rarely has the economic picture been so confusing.
This may be a temporary lull or a statistical illusion. But with no evidence that it will end, policymakers have downgraded their forecasts. Since 2010, the US Congressional Budget Office has lowered its outlook for productivity growth in the decade to 2020 from 25% to 16%; so has the United Kingdom’s Office for Budget Responsibility, reducing its forecast from 22% to 14% productivity growth. Everyone is adjusting to leaner times.
https://www.project-syndicate.org/co...-ferry-2016-03 (https://www.project-syndicate.org/commentary/eurozone-monetary-policy-helicopter-drops-by-jean-pisani-ferry-2016-03)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?227962-Preparing-for-Europe’s-Next-Recession&goto=newpost).