Carlo Martuscelli
European Economy Reporter at POLITICO Europe
European economy reporter │ @POLITICOEurope │ [email protected]
Articles
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2 days ago |
wiadomosci.onet.pl | Carlo Martuscelli
Według nowych prognoz gospodarczych MFW, które są publikowane dwa razy w roku, wzrost gospodarczy w USA wyniesie w tym roku 1,8 proc., czyli o 0,9 p.p. mniej niż szacowano w styczniu.
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2 days ago |
politico.eu | Carlo Martuscelli
The International Monetary Fund sharply downgraded its U.S. growth forecast, while also lowering its outlook for the eurozone and China on the back of President Donald Trump’s tariff blitz. The U.S. is now seen as growing by 1.8 percent this year, a 0.9 percentage point reduction from its January estimate, according to the IMF’s new World Economic Outlook, which is published twice a year.
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1 week ago |
politico.eu | Carlo Martuscelli
U.S. President Donald Trump on Thursday launched a stinging attack on Federal Reserve Chair Jerome Powell, saying his "termination cannot come fast enough!"In an early morning post on Truth Social, Trump rehashed long-held grievances about Powell's leadership of the U.S. central bank, namely that he is not lowering interest rates quickly enough, and therefore failing to stimulate the economy.
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1 week ago |
politico.eu | Carlo Martuscelli
Economic forecasters have upped their expectations of a recession in the U.S. as business and consumer confidence drops in response to the wide-ranging tariffs introduced by U.S. President Donald Trump. The effect of the tariffs — coupled with a slowdown or recession across the Atlantic — would likely also have a negative impact on the eurozone's outlook. An analysis by the ECB that 25 percent tariffs on the eurozone would lower gross domestic product by 0.3 percent in the first year.
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1 week ago |
politico.eu | Seb Starcevic |Jakob Weizman |Francesca Micheletti |Carlo Martuscelli |Andrew McDonald
As the week went on, the S&P 500 index, which tracks the performance of 500 of the largest U.S. publicly traded companies, fell nearly 13 percent. That wiped trillions of dollars off the market value and sent the stock price of iconic brands like Apple and Meta (more on them later in a different context, funnily enough) plummeting.
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I like that the two leading theories about what's going on are that Trump: a) is playing 4-dimensional chess to fundamentally restructure the global financial system on the back of the latest innovations in AI and automation or b) he doesn't understand comparative advantage
Tons of journalists cursing right now as the 1000 word story they just finished has to be thrown in the bin (don't ask how I know).
I haven't seen anyone use the Why Can't You Just Be Normal meme in a while. https://t.co/he946fMxik
To borrow a word from the doctors, this is our first iatrogenic financial crisis. An iatrogenic illness is when you go into the hospital, and you catch an infection there. It's when the people whose job it is to make things better are the active agents of making things worse.
