The combination of high inflation and somewhat slower growth is certainly the worst thing for the euro,
More Quotes from 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
To be fair with Schroeder, he tried and by European standards he did do more than other governments in the past few years. But the problems in Germany are more entrenched now.
Lorenzo Codogno
The monetary policy committee is still waiting for evidence on Christmas (retail) sales and wage negotiations. Then it will cushion the decline in the economy in a context of CPI (inflation) moderation.
Lorenzo Codogno
Despite oil price tensions and strengthening domestic demand, the inflation performance remains subdued. Barring another oil spike, the headline rate is likely to ease further during the course of the year.
Lorenzo Codogno
There are a number of countries that are increasingly uneasy about competitive pressures coming from Asia, and the softening of domestic industry.
Lorenzo Codogno
We believe that the long-awaited shift from soft to hard data is evidence of a recovery in euro zone private consumption has started, and will likely proceed gradually and modestly over the coming months, in line with the expected improvement in household real disposable income.
Lorenzo Codogno
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