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    6 commenti

    1. Straight_Ad2258 on

      meanwhile Russia was at 9.1% in July, and likely increased even more in August

      inflation in EU was always going to be transitory due to it being caused by the energy price shock, while inflation in other countries is due to currency instability and dependency on imports for everything

      **i get that Western people are mad about inflation in the past years, but for the past year the rate of inflation in EU and EFTA is among the lowest in the world**

      goes to show how sensible democracies are to inflation

      Turkey has been literally burning at 70% inflation for the past 2 years, Iran is at 30-40% ,even most of Latam America saw similar inflation to Europe despite having far smaller incomes, yet in all of those countries the regimes are stable

      reminds me of a meme

      * Americans with 3% inflation: “fuck Joe Biden, its the worst period in recent US history”
      * Russians with 9% inflation: “Vladimir Vladimirovich is the best leader, thank you for giving us a good quality of life”
      * Turks from Germany” Turki best country, Erdogan best person, Germany is going down the drain”( with Turkey having 70% inflation rate)

    2. Eigenspace on

      It’ll be interesting to see what happens with the rate cuts.

      The ECB clearly doesn’t want to do a big rate cut right away because then everyone will immediately take out debt to restart construction and other bug investments that have been delayed, causing a big inflation spike.

      But on the other hand, this backlog of construction and investments really shouldnt be delayed. Ideally governments would be doing industry specific measures to stimulate them or protect them from high rates, but Germany at least has so little room for that due to the debt brake.

      I really hope if we can bring down the interest rates quickly and the economy starts improving faster, it’ll dampen this wave of populism, but thats probably too optimistic

    3. dat_9600gt_user on

      I think we’re finally out of most of the COVID-induced woes. Let’s hope they don’t return.

    4. space_iio on

      excited for sub 2% levels and then we all get worried about how to stimulate the economy by cutting interest rates

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