2/ Inflation in Europe has hit its highest level since the creation of the European Union
Coinciding with near-zero GDP growth, and contracting economies like Germany and Czech Republic pic.twitter.com/GL3wVwqfG0
— Game of Trades (@GameofTrades_) September 29, 2023
4/ The U.S. experienced a period of stagflation in the 1970s with core inflation reaching over 13% coupled with an increasing unemployment rate
Overcoming these conditions took over a decade pic.twitter.com/a5FiBd1z6g
— Game of Trades (@GameofTrades_) September 29, 2023
6/ To understand the ECB's role, we need to go back to June 2022 when the ECB started raising rates to combat inflation fueled by a hot European economy pic.twitter.com/Njaz6gxOLD
— Game of Trades (@GameofTrades_) September 29, 2023
8/ Bankruptcies have been rising across all sectors in Europe since 2022
And the average across these sectors (dotted line) is at the highest level since 2015 pic.twitter.com/2t7l3KFb46
— Game of Trades (@GameofTrades_) September 29, 2023
10/ Despite slowing growth, core inflation in Europe remains stubbornly high at around 5%
Creating a challenge of a high inflation – low growth environment
And increasing the risk of a policy mistake pic.twitter.com/mleoDVj0Ug
— Game of Trades (@GameofTrades_) September 29, 2023