MacroVoices #377 Daniel Lacalle: On The Road To Stagflation
Macro Voices
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The European Union's Economic Situation
The Eurozone economy, though remains very weak. Citizens all over the European Union are feeling the pinch of elevated core inflation and overall inflation. The latest PMI figures show that the manufacturing sector is in its 35th month of contraction. Overall GDP is slightly better because of lower imports but it comes fundamentally from higher debt.
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