Ghost of Truth on Nostr: Germany's Economic Slowdown: Inflation Hits Lowest Point Since 2021" Germany, once ...
Germany's Economic Slowdown: Inflation Hits Lowest Point Since 2021"
Germany, once the economic powerhouse of the Eurozone, is now navigating through a period of disinflation as inflation rates continue to drop. In August 2024, Germany's annual inflation rate unexpectedly fell to 1.9%, its lowest level since March 2021, confounding predictions of 2.1%.
This follows a decline from July’s 2.3%. Rather than reflecting the effects of monetary policy, which remains largely expansionary, this trend signals a broader economic slowdown in the Eurozone. The pressure is now mounting on the European Central Bank to further expand the money supply, as nothing is more detrimental to the fiat money system than weakening price pressure or, worse, deflation.
#Germany #Eurozone #Inflation #Disinflation #EconomicSlowdown #ECB #MonetaryPolicy #CPI #Fiat #Bitcoin
Germany, once the economic powerhouse of the Eurozone, is now navigating through a period of disinflation as inflation rates continue to drop. In August 2024, Germany's annual inflation rate unexpectedly fell to 1.9%, its lowest level since March 2021, confounding predictions of 2.1%.
This follows a decline from July’s 2.3%. Rather than reflecting the effects of monetary policy, which remains largely expansionary, this trend signals a broader economic slowdown in the Eurozone. The pressure is now mounting on the European Central Bank to further expand the money supply, as nothing is more detrimental to the fiat money system than weakening price pressure or, worse, deflation.
#Germany #Eurozone #Inflation #Disinflation #EconomicSlowdown #ECB #MonetaryPolicy #CPI #Fiat #Bitcoin