European Economic Outlook: The Effects Of Higher Inflation On Growth Prospects (00:14:38 min)
In this CreditMatters TV segment, Standard & Poor’s Chief European economist Jean-Michel Six reviews the likely effects of higher inflation and rising oil prices on Europe’s economies. Monetary policies in the U.K. and Eurozone are likely to turn much less accommodative sooner than we had expected. Meanwhile, consumers, confronted by higher energy and food prices, will rebalance their spending. As a result, the outlook for growth has become more uncertain.
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