2023-10-21
Hope dies last, but doesn’t clear the dark clouds
Despite the decline in manufacturing, ING sees encouraging signs. However, wage growth leaves no space for doubt: the double-digit core inflation will stay.
Tag: inflation
2023-10-07
Despite the narrative, you can’t fight fire with fire
Thanks to the combination of fiscal and monetary intervention, the structural problems on the supply side will only be exacerbated by monetary tightening.
2023-09-30
Despite politics’ focus on demand, no growth no party
The core inflation is expected to remain elevated due to the non-competitive wage growth affecting both demand and costs in the price-setting process.
2023-09-26
Never underestimate how much poverty inflation and rhetoric bring
Poland’s central bank lowered interest rates despite inflation standing at 10%. The zloty immediately lost value against the dollar and the euro.
2023-09-16
Manufacturing and sales downturn weights on the wage-price spiral
Inflation will close to 9%, while the low estimates of competitiveness in Germany and Finland deepen the economic uncertainty.
2023-09-09
Lithuania is resilient and competitive, let’s not derail
Vilnius’ economy is predicted to slightly contract this year (-1.4%) before bouncing back (+2.9%) – as long as the focus is on innovation and productivity.
2023-09-02
There’s no easy nor rapid way out of stagflation
Estonian GDP shrank by 2.9% YoY: about 40% of the value created by companies is intended for export, which since last year has lost competitiveness.
2023-08-26
Election big spending is only a victory for inflation
Poland raises spending on defence, health, social benefits, and public-sector pay: all money supply that sets an exchange of nothing for something.
2023-08-08
The cost of living crisis is here to stay
While most of consumers expect prices to stay high, Polish inflation is set to receive a boost with a 60% increase in child benefit payments (+0.8% GDP).
2023-07-29
Hope dies last: core inflation is more persistent than ever
Latvia’s inflation projections are revised downwards. But the wage-price spiral is not taken into consideration: in Q1 wages already edged up by 12%.