Tag: GDP

Fiscal Forecast Europe: ECB Will Soon Return to Money Printing

With a welfare state that dominates their budgets, European governments are exceedingly vulnerable to a recession. When tax revenue declines and entitlements force governments to spend more, the inevitable result is larger budget deficits. What will the ECB do in response to that?

Recession or Not? Part I

While it is correct that a recession is defined by two consecutive quarters of declining GDP, it is not correct that the American GDP declined two quarters in a row. Unfortunately, all the economists and analysts who made the recession call were wrong.

Slow Growth in EU Economy

At 3.0%, Sweden ranked lowest in year-to-year GDP growth; Germany came in second from the bottom at 3.7%

Pandemic Economics: Spain the Only EU Country Still Limping from COVID

The Spanish will be, along with the Japanese, the only citizens of a large, developed economy who will end 2022 poorer than in 2019. Although Spain’s economic growth rate for 2022 is higher than both the global and Eurozone average, growing more than anyone is not enough, after having fallen further than everyone else.