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Commentary
Europe’s headline risks may be rising – even if Ukraine war ends
Defence spending is set to rise and the market froth around the AI space is a concern.
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Ukrainian rescuers working in a residential building damaged by Russian strikes in Kyiv on Nov 25.
PHOTO: AFP
On the face of it, the macroeconomic landscape across the countries that use the euro common currency would seem to be broadly reassuring. Inflation is at a tolerable level across the 20 economies – soon to be 21 with the addition of Bulgaria – that comprise the euro area. Unemployment, at below 7 per cent, is at a 30-year low.
Debt to gross domestic product (GDP) ratio is at a healthy 89 per cent, compared with the astounding levels of other advanced economies such as the US or Japan.
