While the U.S. has its economic problems, the runaway government debt being an ominous example, its unending reliance on domestic spending for domestic prosperity is a winning recipe over time.
On an annual basis, three countries exceeded 50% producer-price inflation: Ireland (63.4%), Romania (57.7%), and Denmark (53.8%). At 6.2%, Malta had the lowest in
The actual employment rates for young workers varies drastically across the EU. On average, the 27 member-state European Union had a 73.6% employment rate for the young workforce. The euro zone averaged 73.1%.
Rather than sinking further into debt to maintain current, high levels of government spending, it is time for Europe’s leaders to fundamentally reconsider their economic and social policies. It is time for them to adopt an entirely new program for economic prosperity.
Any major monetary expansion causes inflation. This past year, a combination of domestic restrictions on economic activity, speculation in the headwind of uncertainty, and the overall nature of energy markets, created inflationary pressure where under normal economic circumstances none would have existed.
Reflecting concerns for continued high inflation, a survey of professional forecasters published by the ECB showed a considerable 1.1 percentage-point rise in expected euro-zone inflation for the first quarter of 2022.
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