Central banks to hike into recessions?

Thursday 22 June 2023

In Europe, the ECB is already hiking into a recession in Germany with Europe as a whole there but for the skin of its teeth:

Yet the ECB is still hiking rates with at least two more probable.

In the US, growth has been better but not for much longer as the credit crunch comes to bear. Steven Blitz at TSLombard:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.