If Q3 turned out better for the Euro Area than expected, Q4 is looking a lot worse. Sharp deterioration in high-frequency data in France and Italy. UK slumping. US moving sideways.
bloomberg.com/news/articles/… https://t.co/V6LiilggNL
RT @RobinBrooksIIF: Core inflation is a good fact-check for consensus output gaps. IMF (lhs) & European Commission (rhs) understated slack…
RT @RobinBrooksIIF: Core inflation is a good fact-check for consensus output gaps. IMF (lhs) & European Commission (rhs) understated slack…