Her Eleftherias Kourtalis The recent rally in stocks, especially in July, caught many investors by surprise as markets rebounded despite aggressive central bank interest rate hikes, soaring inflation, energy turmoil in Europe, a new housing crisis in China and the war in Ukraine. which has shown no sign of ending. The improved risk appetite was […]
Tag: development
JP Morgan: ‘Bull’ for US stocks, ‘Bear’ for Europe – Recession certain in the Eurozone, with or without a report
By Eleftherias Kourtalis JP Morgan sees “opposite lives” for US and European stocks. The US bank sees opportunities in US stocks where it estimates that despite the recent rally and significant de-rating the risk-reward profile is attractive, while predicting that the economy will manage to avoid recession despite weak data of the last two quarters. […]
You won’t like what comes after inflation…
By Eduardo Porter After curbing inflation, then what? We’ve lost sight of that particular question over the last year, caught up in the “drama” of a price spiral unseen in most of our lifetimes. But whether the Fed has crashed the economy into recession or still manages to engineer a soft landing, we are likely […]
The global economy is on the brink of recession, warns the IMF
The International Monetary Fund revised downwards its forecast for global growth again today, warning that downside risks from high inflation and the war in Ukraine could push the global economy to the brink of recession if left unchecked. Global GDP growth will slow to 3.2% in 2022 from the IMF’s previous forecast of 3.6% in […]
Eurozone: Economic analysts revised upward forecasts for inflation and downwards for growth
Financial analysts surveyed by the European Central Bank for the third quarter (Survey of Professional Forecasters) predict significantly higher inflation but limited losses on the growth front compared to the forecasts they had made in the previous quarter. Analysts forecast average inflation of 7.3% this year and 3.6% in 2023 versus 6% and 2.4%, respectively, […]
China: Economic growth was limited to 0.4%
China’s economic growth shrank significantly in the second quarter of the year mainly due to the zero-infection policy that often paralyzes the economy. According to the Chinese statistical agency, in the second quarter of the year (April-June) growth was 0.4%, while in comparison in the first quarter it had reached 4.8%. Consequently, the growth of […]
Growth of 4%, with inflation of 8.9%, is predicted by the Commission for Greece this year
By Tasos Dasopoulos In a significant upward revision of growth, which is expected to reach 4% this year, as well as annual inflation, which is expected to reach 8.9%, the Commission proceeded with its estimates for Greece, in the context of the summer forecasts it published a little while ago time. Two months earlier, in […]
The Commission sees high inflation in 2023 as well – At 8.9% this year
LAST UPDATE: 12:48 By Tasos Dasopoulos In a significant upward revision of growth, which is expected to reach 4% this year, but also of annual inflation, which is expected to reach 8.9%, the Commission advanced its estimates for Greece in the context of the summer forecasts it published a while ago. Two months earlier, in […]
Commission: Lowers the bar for growth in the eurozone – Sees inflation at 7.6%
The eurozone’s recovery from the pandemic crisis will be weaker than expected, while inflation will run faster due to Russia’s war in Ukraine, according to the European Commission’s draft forecast. With rising prices shrinking demand and the risk of winter energy shortages eroding confidence, gross domestic product in the euro zone is expected to rise […]
The Commission lowers the growth bar
By Tasos Dasopoulos Growth of over 3% and inflation of over 7% will be forecast for Greece, the summer forecasts of the Commission which will be published tomorrow, Thursday, in a climate of uncertainty about Europe’s energy sufficiency in the coming months. In the big picture, the projections will not take into account the scenario […]