In the event of a recession, Europe is more impoverished than the United States

Every economist has his smarts to locate the spectrum of a recession when he examines the american economy. Some are pulling the red alert when the average unem

In the event of a recession, Europe is more impoverished than the United States

Every economist has his smarts to locate the spectrum of a recession when he examines the american economy. Some are pulling the red alert when the average unemployment rate over three months clearly exceeds the minimum of the last 12 months, the other when the performance of the obligations of State long-term becomes less than that of securities with shorter maturity. On the background of the tensions in international trade increased, these two scenarios are in turn made these last few months. They advertise a theoretically - but without certainty, because the fundamentals of the u.s. economy remain strong - a net slowdown in the United States for 2020.

The Europe will be helpless in the face of a major shock, that the United States would provide mechanically if they got themselves in a recession

in Addition to-Atlantic, the perspective is very verbose but does not panic, as illustrated by the good performance of the financial markets. This relative calm has a rational explanation: the Americans have always on hand one of the two levers, which allows to mitigate the impact of recessions in feeding ...

Updated Date: 20 July 2019, 00:00

Kathleen Lees

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