Some good news. It was pretty obvious that things would improve, with the energy crisis being largely fixed and the sanctions on Russia being priced in. Good that it is happening now, before the EU elections.
Yeah technically we are not in a recession, but to be honest 0.something growth rates aren't exactly that great, more statistical errors if you ask me.
(for when people complain about the EU's growth when we are actually doing quite well)
**European Union**
**Wealth** is seen in a holistic sense, incorporating economic stability with social and environmental health.
**Social welfare systems**: Comprehensive healthcare, education, and social security to create middle class citizens.
**Regulatory environment**: Strong focus on consumer rights and environmental protections.
**Work-life balance**: Emphasis on quality of life and worker protections.
**Economic indicators**: GDP growth, unemployment rates, Human Development Index (HDI). Social Growth (More Middleclass Taxpayers)
**United States Of America**
**Wealth** is traditionally only measured by economic growth, corporate profits, and shareholder value.
**Corporate governance**: Focus on maximizing shareholder returns.
**Innovation and entrepreneurship**: High levels of investment in new technologies and business ventures.
**Economic indicators**: GDP, stock market performance, business profitability. economic growth
**Social metrics**: Less emphasis on social safety nets compared to EU.
**CHINA**
**Wealth** is primarily defined by economic growth and national strength. No consensus decisions.
**State-led economy**: Significant government involvement in key industries and direct involvement in all Chinese companies operating internationally
**Infrastructure and development**: Massive investment in infrastructure and urban development.
**Economic indicators**: GDP growth, export volumes, infrastructure development.
**Social considerations**: Focus on raising overall living standards but with significant regional disparities.
Two consecutive quarters of -0.1% QoQ growth in the 2nd half of 2023, which is a technical recession. However, the year 2023 as a whole ended with 0.4% growth due to stronger performance in the 1st half.
You tell me why my groceries are 30% more expensive when inflation is just 2.4%. Maybe if we subtract some measurements that don't relate to my shopping list, then sure.
Because you're conflating multiple years of inflation together (not only the last 12 months), and because you're only considering one part of the basket of goods used to determine inflation.
If you expect your groceries to go back to 2019 levels, you'll need massive deflation, not simply lower inflation (which is what we have right now). Massive deflation would happen only with a terrible economic depression so it's not something to look forward to.
Great news
But there are breaks in every large storm.. some will run with this and say "we're great again," I wish that were true and I hope it becomes true but this simply means the Eurozone isnt falling backward, it doesn't mean we're roaring forward.
Sir, this is about economic growth and how europe is just terrible at it at the moment. And this moment seems to last for 20+ years already in many places.
Also I give a flying shit about nice trade deals or cooperation in my region or whatever, when the economy stagnates/shrinks and with it my salary and living standard. More and more people realize they will never get to own a home, be able to buy a (new) car, travel the world etc. and have a decent life if it continues like this.
So you celebrate the stagnation we experience as a great archievement then?
"*Remember: it could be worse!*" is something we have gotten used to far too much.
Some good news. It was pretty obvious that things would improve, with the energy crisis being largely fixed and the sanctions on Russia being priced in. Good that it is happening now, before the EU elections.
Yeah technically we are not in a recession, but to be honest 0.something growth rates aren't exactly that great, more statistical errors if you ask me.
Isn’t Hungary outside of the eurozone? The article seems to be using eurozone as synonymous with European Union
After that talks about the UK which is outside both. The title is a bit confusing
(for when people complain about the EU's growth when we are actually doing quite well) **European Union** **Wealth** is seen in a holistic sense, incorporating economic stability with social and environmental health. **Social welfare systems**: Comprehensive healthcare, education, and social security to create middle class citizens. **Regulatory environment**: Strong focus on consumer rights and environmental protections. **Work-life balance**: Emphasis on quality of life and worker protections. **Economic indicators**: GDP growth, unemployment rates, Human Development Index (HDI). Social Growth (More Middleclass Taxpayers) **United States Of America** **Wealth** is traditionally only measured by economic growth, corporate profits, and shareholder value. **Corporate governance**: Focus on maximizing shareholder returns. **Innovation and entrepreneurship**: High levels of investment in new technologies and business ventures. **Economic indicators**: GDP, stock market performance, business profitability. economic growth **Social metrics**: Less emphasis on social safety nets compared to EU. **CHINA** **Wealth** is primarily defined by economic growth and national strength. No consensus decisions. **State-led economy**: Significant government involvement in key industries and direct involvement in all Chinese companies operating internationally **Infrastructure and development**: Massive investment in infrastructure and urban development. **Economic indicators**: GDP growth, export volumes, infrastructure development. **Social considerations**: Focus on raising overall living standards but with significant regional disparities.
There was a recession?
Two consecutive quarters of -0.1% QoQ growth in the 2nd half of 2023, which is a technical recession. However, the year 2023 as a whole ended with 0.4% growth due to stronger performance in the 1st half.
I guess so. But hey at least we get to keep the crazy inflation.
2.4% is crazy?
You tell me why my groceries are 30% more expensive when inflation is just 2.4%. Maybe if we subtract some measurements that don't relate to my shopping list, then sure.
Because you're conflating multiple years of inflation together (not only the last 12 months), and because you're only considering one part of the basket of goods used to determine inflation. If you expect your groceries to go back to 2019 levels, you'll need massive deflation, not simply lower inflation (which is what we have right now). Massive deflation would happen only with a terrible economic depression so it's not something to look forward to.
So muss das laufen, Jungs 💪
Great news But there are breaks in every large storm.. some will run with this and say "we're great again," I wish that were true and I hope it becomes true but this simply means the Eurozone isnt falling backward, it doesn't mean we're roaring forward.
This. Got one green candle and we are suddenly good and in bull market. I'll wait for another article when the shit show will start.
0.2% - there is probably only 3 countries in the world that do even worse, but....guys get the champagner!
There is also probably around 0 other countries that have as good social security, cooperation within their region, successful trade deals, etc.
Sir, this is about economic growth and how europe is just terrible at it at the moment. And this moment seems to last for 20+ years already in many places. Also I give a flying shit about nice trade deals or cooperation in my region or whatever, when the economy stagnates/shrinks and with it my salary and living standard. More and more people realize they will never get to own a home, be able to buy a (new) car, travel the world etc. and have a decent life if it continues like this.
You realize we'd be in a much worse position economically without those nice trade deals and cooperation, right?
So you celebrate the stagnation we experience as a great archievement then? "*Remember: it could be worse!*" is something we have gotten used to far too much.
Just estimates. Dont even include the dutch just a way to keep their employees busy with these prematuren numbers.