Has ECB policy easing failed?

20th April 2012

The forecast here that the global economy will retain momentum through mid-year is supported by yesterday's US Philadelphia Fed manufacturing survey for April and today's German Ifo poll. The expected new orders balance in the Philadelphia survey – which often leads the national ISM orders reading – remains above average. 

Simon Ward - ebc

German manufacturing expectations, meanwhile, continued to recover in April, reaching a nine-month high. The historical correlation with the Eurozone purchasing managers’ new orders index suggests that the “flash” April PMI survey released on Monday will surprise positively.

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The Financialist

1 thought on “Has ECB policy easing failed?”

  1. Anno Domini says:

    You could say many of the same things about the US and many European countries — to a lesser degree of course — but that hasn’t stopped them from progressing. This line of argument conflates political stability with earnings stability when the two can be very different.

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