More Inflation and Gas Shortages Expected in Europe
By Chris Black
I thought rate hikes were supposed to fix inflation?
Maybe they never said that.
This entire thing is a scam, and I’m sick of retards quoting Keynes and then refusing to explain how they apply when inflation in the current year is entirely driven by government spending.
1/2 Sarah Wagenknecht: "Perhaps Habeck will explain to us soon that we can just stop heating our houses and still not freeze. While millions of families in Germany are constantly suffering from the consequences of sanctions, inflation and high energy and gas bills, pic.twitter.com/e1jcy6S4Wc
— Victor vicktop55 (@vicktop55) March 23, 2023
FYI, Germany is the EU’s industrial park basically.
The German Council of Economic Experts (GCEE) has warned that inflation in the country could remain high for longer than expected, or even accelerate if monetary policy measures are offset by risks in financial markets.
According a report from the five-member council, high inflation will continue to inhibit the German economy this year.
The GCEE expects an average inflation rate of 6.6% in 2023, and noted that while inflation peaked in autumn 2022, it is still significantly elevated and is likely to decline very slowly.
“Inflation is increasingly more broad-based,” council member Martin Werding wrote on Wednesday. “Higher producer prices and expected wage increases are likely to keep up consumer price inflation well into the next year.”
The inflation rate in Germany is forecast to drop noticeably only in 2024, to 3.0%.
Germany announced a possible shortage of gas in the winter
To avoid this, companies and households will have to cut consumption even further, Klaus Müller, head of Germany's Federal Network Agency, told the Financial Times.
Germany's energy crisis is "not over yet," he said,… pic.twitter.com/BJKdgGiWSs
— Donbass Devushka (@PeImeniPusha) March 23, 2023
Original source: https://www.investmentwatchblog.com/more-inflation-and-gas-shortages-expected-in-europe/