There are a number of countries that are increasingly uneasy about competitive pressures coming from Asia, and the softening of domestic industry.
More Quotes from 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
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
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
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
The government was very reluctant to take a position because it's a very delicate situation, but now they are really turning the pressure on.
Lorenzo Codogno
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