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September 01, 2020 10:18am
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Zombie Economy: European Industrial Production Unexpectedly Declines

[Skip to the end] Looks to me like the world hit a ’soft spot’ in July, maybe due to the winding down of China’s suspected ‘inventory building.’ CPI’s continue to fall in the Eurozone indicating continuing domestic demand weakness. Strong productivity gains are not being matched with fiscal adjustments to sustain output and employment, as evidenced by a [...]
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