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The eurozone fell deeper into deflation this month, with prices falling by 0.6 per cent in the year to January — a figure on par with the lowest reading recorded since the currency area was created…
Separate data showed tha unemployment fell slightly from 11.5 per cent to 11.4 per cent, with the number of people in the region’s labour market without jobs falling by 157,000… (more)
EDITOR: Deflationary pressures? High unemployment?
Every first year Economics student will be taught that is what is to be expected from applying austerity rather than fiscal and monetary expansionary policies during a recession.
