MACRO PICTURE
Eurozone Economy: Stagnation Ahead
by Lāsma Kokina
9 January 2024
In this paper we discuss:
- The challenging year for Germany's economy, with industrial production decline, low purchasing power, and high inflation that has recently shown decline;
- Germany’s labour market trends, GDP developments, and PMI changes;
- France's labour market trends and its struggle to achieve full employment;
- France's decline of inflation, sudden fluctuations in GDP, and PMI drops;
- Italy's slowing GDP growth and PMIs contraction;
- Spain's labour market trends, including the pressing unemployment issue;
- Spain's falling inflation, economic growth, and PMI decline; and
- Future trends in the aforementioned economies.
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