Here’s the question: how much of a recession is this if we have a decline of just 0.1% and Ireland alone had a drop of 4.6% in its GDP and it was them who ultimately dragged down the entire Eurozone average?
Had Ireland had a GDP that even makes sense and amounts to something real in the first place and we would likely not fall under the technical definition of a recession. Ireland’s GDP fell because of the bubbly-but-now-bursty insanity that is the US tech sector, a whole other topic on its own right.
Feels like a recession in name only that unfortunately will only be used to double down on completely self-destroying narratives and market panics. Another good example of how irrational the market actually is and of how Ireland’s negative-sum tax shenanigans don’t make sense from yet another perspective.
>IMF lifts global growth forecasts
>Fund says demand in the US and Europe has been stronger than expected, and that only the UK faces a recession.
The Eurozone enters recession while the UK grows in Q1, outside the single market.
Fascinating.
i can’t wait to hear in a few years about how lazy and corrupt we are and how they saved us the last time but we squandered it and living with 300 euros wages while paying 600 for electricity is feasible
I’m convinced at this point that Europe will never surpass America. I’m not saying this is a good or bad thing but jist an observation.
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Here’s the question: how much of a recession is this if we have a decline of just 0.1% and Ireland alone had a drop of 4.6% in its GDP and it was them who ultimately dragged down the entire Eurozone average?
Had Ireland had a GDP that even makes sense and amounts to something real in the first place and we would likely not fall under the technical definition of a recession. Ireland’s GDP fell because of the bubbly-but-now-bursty insanity that is the US tech sector, a whole other topic on its own right.
Feels like a recession in name only that unfortunately will only be used to double down on completely self-destroying narratives and market panics. Another good example of how irrational the market actually is and of how Ireland’s negative-sum tax shenanigans don’t make sense from yet another perspective.
>IMF lifts global growth forecasts
>Fund says demand in the US and Europe has been stronger than expected, and that only the UK faces a recession.
Another great prediction from the IMF.
in related news https://www.thefinancialtrends.com/2023/06/07/the-eu-is-becoming-cash-strapped/
The Eurozone enters recession while the UK grows in Q1, outside the single market.
Fascinating.
i can’t wait to hear in a few years about how lazy and corrupt we are and how they saved us the last time but we squandered it and living with 300 euros wages while paying 600 for electricity is feasible
I’m convinced at this point that Europe will never surpass America. I’m not saying this is a good or bad thing but jist an observation.