Europe is sinking towards an enormous cyclical contraction, the resilient labour market is testimony to the fact that stagflation remains the most probable scenario in Europe

by BoatSurfer600

Source: Sagar Singh LinkedIn

Labour market still remains hot as shortages loom.

The stagflation is upon us in Europe. pic.twitter.com/Nyt39eG6JV

— The Macro Guy (@SagarSinghSetia) June 28, 2023

Remember 2008?
It’s happening again!

Some European countries are exhibiting activity similar to the 2008 GFC. The cyclical sectors of the economy are facing a sharp downturn.

Stagflation is the most likely outcome for Europe ⚠️⚠️⚠️

Ht @SagarSinghSetia pic.twitter.com/1Fm5vmYocC

— Wall Street Mav (@WallStreetMav) June 9, 2023