What about Households’ liabilities in the Euro Area?
Speech at a dinner on June, 12 Good evening Ladies and Gentlemen I will not speak directly of the current economic outlook. It will come with my conclusion. I will…
A dynamic and cyclical approach to the global economy
Speech at a dinner on June, 12 Good evening Ladies and Gentlemen I will not speak directly of the current economic outlook. It will come with my conclusion. I will…
In my previous post (here), I mentioned internal demand momentum in the Euro Area and in the United States. The chart below shows internal demand profile for both country or…
Look at this chart. It is households consumption plus investment (there is no distinction between public and private investment). In real terms its level is still 6,6% below it peak …
The U.S. GDP growth for the first quarter was revised down sharply. In the first estimate, GDP growth was 0.1 % annualized rate. This figure dropped to -1% with the…
Are the dynamics of the French economy really very different from Germany? Recent history has proven that this is the case. Since the low point of the recession in 2009,…
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