Tag: Macroeconomics

The labour market: Europe’s greatest inflationary pressure of 2024?

Dec 30, 2023

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by

Lukas Pietilä

in Analysis

With the unemployment and job vacancy rate achieving record figures of a low 6.5% and high 2.9% respectively, Europe’s producers are feeling the pinch of growing unit labour costs. Post pandemic job recovery has been strong, with expansionary government initiatives supporting economic growth; expansion and overheating that resulted in soaring inflation last year. The subsequent…
Frankfurt’s verdict – the Eurosystem’s economic outlook

Dec 20, 2023

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by

Lukas Pietilä

in Analysis

It’s that exciting time again – the ECB’s main decision-making body, its Governing Council, has set the key interest rates in the euro area. The European Central Bank’s president, Christine Lagarde, announced in a press release last week the Governing Council’s latest outlook for monetary conditions within the Eurosystem, strongly stating the direction of monetary…