And Germany is projected to have another year of flat GDP. Europe has some problems that, though much smaller in magnitude than the American hamster-wheel of only-getting-a-dollar-of-growth-by-borrowing-$2.50, are real and are going to get worse.
From DevDiscourse, March 27:
France's wider-than-expected public sector budget deficit last year makes it unlikely the country would be able to stick to its fiscal targets in the coming years, credit rating agency Moody's said on Wednesday.
France's wider-than-expected public sector budget deficit last year makes it unlikely the country would be able to stick to its fiscal targets in the coming years, credit rating agency Moody's said on Wednesday. The country had a fiscal shortfall in 2023 of 5.5% of economic output, France's statistics agency INSEE said on Tuesday, up from 4.8% in 2022 and significantly more than the government's target of 4.9%.....
....MUCH MORE
