Getting inflation to 2% has proven to be much harder than getting inflation from 9% to 4%.
Supply chain issues and rising commodity prices have a lot to do with it.
The Fed and ECB's job is still far from over.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) January 15, 2024
This is absolutely crazy. In light of the war in Ukraine this should’ve been going up massively but instead… void pic.twitter.com/vuwYd1VhHv
— QED (@maralgr) January 15, 2024
> 0.3% contraction in 2023
> sidestep recession via Q3 revision
> "we must keep higher for longer"Outlook for Germany will continue to be poor.
Nagel must be seriously concerned about becoming Arthur Burns 2.0 https://t.co/JBdwNvX3fa— Longview Economics (@Lvieweconomics) January 15, 2024
Germany's Fully Year GDP Growth Comes in Negative at -0.3%.
Adjusted for calendar terms, GDP fell -0.1%.
The annual average GDP growth in Germany since 2012 has been 1.8%.
The main reasons for the economic contraction were Industry (-2%) and Household Consumption (-0.8%).
The… pic.twitter.com/jTnmV70gjM
— Ayesha Tariq, CFA (@AyeshaTariq) January 15, 2024
Germany's Fully Year GDP Growth Comes in Negative at -0.3%.
Adjusted for calendar terms, GDP fell -0.1%.
The annual average GDP growth in Germany since 2012 has been 1.8%.
The main reasons for the economic contraction were Industry (-2%) and Household Consumption (-0.8%).
The… pic.twitter.com/jTnmV70gjM
— Ayesha Tariq, CFA (@AyeshaTariq) January 15, 2024