Analysis: Why the coming months are critical to assessing Europe’s economic direction | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Analysis: Why the coming months are critical to assessing Europe’s economic direction, writes Eugene Kiernan.

‘Omicron has put a dent in the global economic picture. While it may be medically less severe, its high transmissibility, together with the need for contacts to isolate, mean it can compound supply side constraints.’ Picture: GettyThe EU accounts for about 35 per cent of our exports and decides our interest rates, so it’s an important question.

Consumer confidence which has been on a downward path since October continues to edge lower. In addition to any Covid fears, higher energy costs act as a further drag on the consumer mindset. Higher frequency data such as cinema and restaurant bookings have also collapsed, reflecting the targeted government policy.

To the extent that demand is an input to our inflation outcome that pressure is receding and supporting the policymakers’ view of inflation peaking.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA

Canada Canada Latest News, Canada Canada Headlines