{"id":2033,"date":"2017-04-23T21:36:39","date_gmt":"2017-04-24T03:36:39","guid":{"rendered":"https:\/\/trends.ufm.edu\/en\/?post_type=newsletter&#038;p=2033"},"modified":"2018-02-07T13:49:28","modified_gmt":"2018-02-07T19:49:28","slug":"eurozone-q1-2017","status":"publish","type":"newsletter","link":"https:\/\/trends.ufm.edu\/en\/report\/eurozone-q1-2017\/","title":{"rendered":"The European Train Is Not Slowing Down"},"content":{"rendered":"<h3>Contents<\/h3>\n<ul>\n<li>Gross domestic product (GDP)<\/li>\n<li>Purchase Managers&#8217; Indexes (PMIs)<\/li>\n<li>Cyclical sector demand<\/li>\n<li>Employment trends<\/li>\n<li>Economic sentiment<\/li>\n<li>Monetary aggregates<\/li>\n<li>Consumer Price Index (CPI) and CPI differential with other eurozone countries<\/li>\n<li>Industrial price index<\/li>\n<li>Spanish stock market (IBEX 35)<\/li>\n<li>Spanish sovereign bond yields<\/li>\n<li>Non-performing loans\/assets in the Spanish banking system<\/li>\n<li>Spanish banking sector assets<\/li>\n<li>Credit to businesses, to households<\/li>\n<li>Yield curve spread<\/li>\n<li>Public sector<\/li>\n<li>Balance of trade and current account analysis<\/li>\n<\/ul>\n<h3>Author<\/h3>\n<ul>\n<li><strong>Daniel Fern\u00e1ndez<\/strong><br \/>Daniel Fern\u00e1ndez is the founder of UFM Market Trends and professor of economics at the Francisco Marroqu\u00edn University. He is a PhD candidate in Applied Economics at the Rey Juan Carlos University in Madrid and was also a fellow at the Mises Institute. He holds a master in Austrian Economics the Rey Juan Carlos University and a master in Applied Economics from the University of Alcal\u00e1 in Madrid.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Prices are rising in the Eurozone, which create a false sense of euphoria at the European Central Bank (ECB). Nevertheless, a recent rise in energy prices explains almost entirely the increase in inflation. If we look at core inflation, we are still far removed from the ECB\u2019s inflation target. Only recently, over the past few months, did core inflation increase.<br \/>\nThe ECB also failed to stimulate credit growth, which is stagnant ever since 2014. Fortunately, the fact that prices do not rise and credit does not flow is having no negative consequences for the Eurozone economy. Despite the failure of the ECB to reach its objectives, the Eurozone economy is growing at a solid yet, above all, sustainable pace in the long term.<br \/>\nThe only severe danger in the short run is the implementation of a negative interest rate policy, which is burdening the European financial system with a type of additional tax that prevents banks from finishing their restructuring efforts.<\/p>\n","protected":false},"author":104,"featured_media":2041,"menu_order":0,"template":"","meta":{"anio":"2017","mes":"January - March","id_estadisticas":"stat-eurozone-q1-2017","newsletter_link":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2017\/04\/eurozone-2017q1-ufm-market-trends.pdf","portada_informe":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2017\/04\/eurozone-q1-2017.png","subtitulo":"Eurozone Q1 2017 Report","footnotes":""},"tags":[163,11],"class_list":["post-2033","newsletter","type-newsletter","status-publish","has-post-thumbnail","hentry","tag-163","tag-eurozone"],"_links":{"self":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/2033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter"}],"about":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/types\/newsletter"}],"author":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/users\/104"}],"version-history":[{"count":1,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/2033\/revisions"}],"predecessor-version":[{"id":2075,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/2033\/revisions\/2075"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media\/2041"}],"wp:attachment":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media?parent=2033"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/tags?post=2033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}