06-05-2019, 12:06 PM
112
Re: Special Relationship with USA?
I don't think low growth is just a European phenomenon at the moment it is is world wide. Our inflation figures for the last two quarters have been 0% whereas the Reserve Bank wants inflation to be about 2.5%.Growth has plunged to 2.3% in January compared to 3.9% last year. The market thinks the Reserve Bank is looking at an interest rate cut on Tuesday (currently at an all time low of 1.5%) though it is a 50/50 deal because pushing interest rates down will have little effect according to some banks.
The world is heading for rough economic waters.
06-05-2019, 01:13 PM
113
Re: Special Relationship with USA?
Originally Posted by Bruce
->
I don't think low growth is just a European phenomenon at the moment it is is world wide. Our inflation figures for the last two quarters have been 0% whereas the Reserve Bank wants inflation to be about 2.5%.Growth has plunged to 2.3% in January compared to 3.9% last year. The market thinks the Reserve Bank is looking at an interest rate cut on Tuesday (currently at an all time low of 1.5%) though it is a 50/50 deal because pushing interest rates down will have little effect according to some banks.
The world is heading for rough economic waters.
Yes but the EU has no centralized treasury and the German cash cow is running out of money.
I cant see how Keynesian economics will help the eurozone when they can't print their own money like every other country (like USA, UK, Japan etc) else can.
Their borrowing options are getting seriously limited, it's just a matter of time before it implodes.
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