by Still decelerating, and data releases seem to confirm that the credit deceleration is reflecting something similar in the macro economy: Annual growth is down to about 1.5%: This would have been maybe 0 billion higher if it had not decelerated: Housing and cars contribution to growth also looking a lot lower than last year: This chart is only through year end. It’s since decelerated as per the above current charts. Note how the downturn in credit growth tends to lead recessions: And forecasts for last quarter, Q2, continue to fall:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
Editor writes In search of radical alternatives
Stavros Mavroudeas writes «Οι καταστροφικές επιπτώσεις της ΕΕ στην Ελλάδα και τους εργαζόμενους» – Στ.Μαυρουδέας ΠΡΙΝ 20-21/4/2024
Stavros Mavroudeas writes «Κοινωνικές επιστήμες: είδος υπό εξαφάνιση;» – εκδήλωση Παντειέρα-Attac, 23/4/2024, 5.30μμ Πάντειο
Lars Pålsson Syll writes Cutting-edge macroeconomics …
Still decelerating, and data releases seem to confirm that the credit deceleration is reflecting something similar in the macro economy:
Annual growth is down to about 1.5%:
This would have been maybe $500 billion higher if it had not decelerated:
Housing and cars contribution to growth also looking a lot lower than last year:
This chart is only through year end. It’s since decelerated as per the above current charts. Note how the downturn in credit growth tends to lead recessions:
And forecasts for last quarter, Q2, continue to fall:
