{"id":40401,"date":"2018-11-11T09:26:54","date_gmt":"2018-11-11T14:26:54","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40401"},"modified":"2018-11-11T09:26:54","modified_gmt":"2018-11-11T14:26:54","slug":"europe-in-panic-mode-over-economy-as-usa-soars","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40401","title":{"rendered":"Europe In Panic Mode Over Economy As USA Soars"},"content":{"rendered":"

Europe In Panic Mode Over Economy As USA Soars<\/a><\/h3>\n
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The eurozone\u2019s economic growth rate has slumped to a four-year low.<\/strong><\/p>\n

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The eurozone could not borrow from the momentum of the U.S. economy in the third quarter as economic growth slumped to a tepid 0.2%<\/a>, the slowest rate in more than four years. With the 19-nation currency bloc beginning to stagnate, and the heavyweights failing to post significant gains, Brussels is in panic mode, likely leaning on the European Central Bank (ECB) for further stimulus.<\/p>\n

Economists originally anticipated growth of 0.4%. But global trade woes, tumbling business confidence, Italian distress, and the gradual dissipation of an accommodative monetary policy all contributed to the poor numbers in the July-September period.<\/p>\n

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\u2026the eurozone is not prepared to contain a new financial crisis\u2026<\/strong><\/p><\/blockquote>\n<\/div>\n

Italy fell into stagnation, failing to record any growth. Rome has been contending with a debt crisis, sending the yield (interest rates) on government bond prices higher. Officials are embroiled in a contentious battle with the EU because their borrowing plans violate the trade bloc\u2019s rules. There is now talk of a Keynesian-style fiscal stimulus to rev up the national economy.<\/p>\n

France, which endured a terrible first half, reported a 0.4% increase, lower than the market forecast of 0.5%. The economy gained on surging business investment, household consumption, and net trade. While the figures are commendable, French Finance Minister Bruno Le Maire did not help matters when he suggested<\/a> that the eurozone is not prepared to contain a new financial crisis, adding that \u201cit is in no one\u2019s interest that Italy be in difficulty.\u201d<\/p>\n

Germany, the economic engine of the eurozone, will not publish its Q3 numbers until mid-November. But the Bundesbank has warned that growth might have flat-lined in the previous quarter. Researchers do predict<\/a> a recovery for Berlin in the final quarter of 2018, driven by a resurgence in the automobile sector and falling unemployment.<\/p>\n

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\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Europe In Panic Mode Over Economy As USA Soars The eurozone\u2019s economic growth rate has slumped to a four-year low. The eurozone could not borrow from the momentum of the U.S. economy in the third quarter as economic growth slumped to a tepid 0.2%, the slowest rate in more than four years. With the 19-nation […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[22912,233,281,282,285,431,22913,534,827],"class_list":["post-40401","post","type-post","status-publish","format-standard","hentry","category-economics","tag-andrew-moran","tag-ecb","tag-europe","tag-european-central-bank","tag-eurozone","tag-interest-rates","tag-liberty-nation","tag-monetary-policy","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40401"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40401\/revisions"}],"predecessor-version":[{"id":40402,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40401\/revisions\/40402"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}