Protectionism remains the major threat to global growth.
More Quotes from Lorenzo Codogno:
It's not that clear cut that intervention will have an impact, ... What appears to be driving down the euro are money flows out of the euro zone. If this is the case, it is not the optimal moment for currency intervention.Lorenzo Codogno
It's no surprise that the pressure is back on. At the end of the day, China allowed their currency to appreciate, but because they did so only marginally, there is disappointment elsewhere.
Lorenzo Codogno
He certainly has political aspirations, and I don't think it will be the end of his career if the center-right loses. He will play an important role in the future of Italian politics.
Lorenzo Codogno
The combination of high inflation and somewhat slower growth is certainly the worst thing for the euro,
Lorenzo Codogno
There is clearly a risk now that they might be bold enough to tighten policy in December, We think they will wait until March.
Lorenzo Codogno
As January data are inflated by a growing tendency towards gift vouchers over Christmas, which are then turned into purchases afterwards, a return to normal in February is likely to show up in more subdued sales.
Lorenzo Codogno
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