Daily Chart: Is There a Euro-Recession? // (Steven Hayward)

The other day we noted that Western european inflation is running more than U. S. inflation, and from now on news out of London the British economy is technically in recession. It also shows up that recession is already beneath way in continental Europe, no less than in their all-important manufacturing industry, which is swooning toward yr and COVID shutdown ranges. This may be more on account in the insane energy policies in addition to incipient shortages, but pumping and rising interest rates definitely don’ t help.