Europe is Now In Full Blown Crisis Mode (what does this mean for the rest of the world?)
Political turmoil in Europe is very easy to understand. The European economy is supposed to be recovering from its unofficial recession, and yet the most recent data shows instead alarming (re)acceleration to the downside in a number of places. Realizing this means the path to clawing back some of the supply shock's price increases is disappearing, voters are simply voting accordingly. Eurodollar University's Money & Macro AnalysisPew Research Center Economic ratings across 34 countries are more negative than positivehttps://www.pewresearch.org/short-reads/2024/06/07/economic-ratings-across-34-countries-are-more-negative-than-positive/World Bank Global trade has nearly flatlined. Populism is taking a toll on growthhttps://blogs.worldbank.org/en/voices/global-trade-has-nearly-flatlined-populism-taking-toll-growthUN Trade and Development Global economic growth set to slow to 2.6% in 2024, just above recession thresholdhttps://unctad.org/news/global-economic-growth-set-slow-26-2024-just-above-recession-thresholdhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU