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Euros & Dollars: U.S. Economy Still Growing, but Not for Much Longer
With a mix of consumers and government driving the current economy, the Biden administration may find itself going into the election in a recession.
With a mix of consumers and government driving the current economy, the Biden administration may find itself going into the election in a recession.
What looks like a mild recession on the surface could turn into something much more serious.
Nine EU states are now in a recession. The ECB can help the continent ease the downturn, but they are up against bigger forces of economic stagnation.
President Macron is setting the stage for bad budget battles to come. Meanwhile, the French economy is getting worse by the day.
The latest policy statement from the euro zone’s central bank is a harsh message to all governments that have budget problems.
Jobless rates are rising, especially among young workers.
The EU is in for a fiscal framework showdown between reformists and abolitionists. Who wins? Europe’s economic future hangs in the balance.
Opposition leaders say the Conservative’s mission to grow the economy is “in tatters.”
There is a big need for structural reforms to the Slovakian welfare state. Such reforms require a level of political leadership that Europe so far has only seen in Hungary.
Those who expect a U.S. recession will have to wait a little longer, but there are some details in the latest GDP numbers that suggest an economic downturn is indeed on its way.
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