Europe tries to balance

31.08.2023

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European countries reported on the health of the economy today. It should be noted that Germany remains the worst performance on all fronts, and this country is the heart of Europe. Unemployment data for August came out horrendous: 18,000 thousand people compared to 1,000 thousand earlier. France is slightly better, but not by much. Inflation continues to grow at a rapid pace in both countries at about 0.5% per report, which is a lot. The small countries of Europe feel best of all. In Italy, for example, inflation, on the contrary, fell by 0.4%, and they are now smoothing out the overall picture for the Eurozone. Inflation indicators in August stabilized at around 5.3%.

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