Eurozone Key Issues
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Within the space of two months, investors have gone from wondering whether the slowdown in manufacturing would spill-over into the rest of the EZ economy, to the realisation that the crunch in services is now driving the overall story on the economy.... More by Claus Vistesen
Yesterday's March labour market data in Germany were surprisingly strong... More by Claus Vistesen
As we showed in yesterday's Monitor--see here--EZ governments and the ECB have thrown caution to the wind in their efforts to limit the pain from the Covid-19 crisis.... More by Claus Vistesen
The coronavirus outbreak, by definition, will fade eventually, but we suspect the measures to combat it will be more long-lasting. In terms of sheer scale, EZ governments and the ECB are throwing the kitchen sink at the virus, but that's only half the story.... More by Claus Vistesen
The EZ economy's liquidity gears were well-oiled coming into the crisis.... More by Claus Vistesen
Analysing the EZ sentiment data at the moment is a bit like a surveyor being called out to assess the damage on a property after a flood.... More by Claus Vistesen
Yesterday's March PMIs confirmed that governments' actions to contain the Covid-19 outbreak dealt a hammer blow to the economy at the end of Q1.... More by Claus Vistesen
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