No clue EU observation.27 Jan 2019 15:04
The ECB downgraded its outlook for the European economy by shifting the balance of risks towards the downside while trying to remain credible about how they felt the European economy would evolve over the next few months.
The lack of inflationary pressure and the weak economy continues to call into question the European Central Bank’s assessment of the eurozone economy. Last week the ECB left interest rates unchanged, but it is becoming increasingly apparent that they won’t be able to raise rates this year, as they would have liked to do.
This was confirmed after the central bank downgraded its economic outlook by stating that economic risks had shifted to the downside, and it was admitted that officials had discussed further possible stimulus measures in the form of TLTRO loans.
Now don't get me wrong but haven't we been here before?
This is how it started, a brief ECB history of the struggle since
2010 - SMP (Securities Markets Programme) Introduced to ease credit conditions, equal to 2.2% of the Eurozone GDP.
2011 - LTRO - (Long Term Refinancing Operation) At least two goes at this. First one 489b Euro then an extra 529b 3 months later.
2012 - OMT ( Outright Monetary Transactions) This was Draghi’s ‘’whatever it takes to save the Euro moment.
2014 - TLTRO (Targeted Long Term.. ) This time the ECB declined to say how much debt it will purchase. I guess they were running out of acronyms, lol.
Then we had another ‘Big Bazooka’ QE that went on for a bit, just winding up now, but it appears its now restating the 2014 programme TLTRO.
Like I said haven't we been here before.
The manufacturing sector has been struggling for several months now, and recent events have shown that there is little evidence of a pickup in the short term. The end of 2018 saw a number of major economies flirting with stagnation at best, with a number in contraction territory including Italy and France.
Yep, we been here before. The sooner we distance ourselves from this continual mess the better. No clue EU.
Poor old DCB is stuck in it, not sure where CC is, but he will get it one day, lol.
Ps; CC We've discussed this trade issue before, you're going around in circles just like the EU.