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Europe’s Self-Inflicted Recession - September 13, 2021

Posted Sep 19, 2021
For those who dine on dismal developments, Europe is serving up a feast. Data last week confirmed that the dreaded double-dip is indeed in full swing. As appetizing as this latest dish might have been to the media, dismal scientists and the Eeyores of the world, it was virtually ignored. The well-timed announcement by the European Central Bank of a new, aggressive bond purchase plan pre-empted the GDP story – but it remains to be seen if it can negate it. How deep and wide is Europe’s neo-dip?

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