Tag: inflation

EU Public Finances Improving

For the EU as a whole, total government debt declined from the fourth quarter of last year to the first quarter of 2022. Three countries with large deficits saw significant improvements, and twelve experienced a reduction in their deficits.

Major Raise for EU Officials Expected

The planned salary increase is likely to generate criticism from member states, which are busy preparing their citizens for the upcoming austerity phase.

Stagflation Alert!

There are three reasons why stagflation is happening. The most compelling evidence is in some unique data that economists often ignore.

German Finance Minister: Severe Economic Crisis on the Horizon 

Germany’s finance minister has joined a growing chorus of government officials—past and present—and leaders of business and industry who have warned that an economic crisis, the likes of which the country has not seen in many decades, is now beginning to come into view.

Spring Forecast Downgrades Economy for 2022

While the forecast for inflation-adjusted growth has been downgraded, predictions of inflation remain elevated. A preliminary estimate suggests that euro-zone inflation reached 7.5% in April. Despite this, inflation in the currency area “is projected at 6.1% in 2022, before falling to 2.7% in 2023.”