European Economics Thread
- Thread starter PiSigma
- Start date
Confucius say: if Uncle Sam stick big cannon in, crying no use, wait happy ending.
It is only going to get worse in the future. A large fraction of European exports is cars, car parts, aircraft, and aircraft parts. Cars are moving into electric, and China dominates most of the market there. China and Russia will also be doing their own civil aircraft increasingly over the next decade. Europe has also proven itself as an unreliable supplier of these after sanctions on Russia. At the same time, they just cut themselves out of their largest commodities supplier, so nearly every single commodity is going to get more expensive.
Europe will de-industrialize it is as simple as that. Their exports are increasingly non-competitive.
Europe will de-industrialize it is as simple as that. Their exports are increasingly non-competitive.
when you look at graph the trade balance collapse already started in 2021 when it became 1/3 of 2020. The lockdown of 2020 were better than 2021. 2022 went into big negative and they already have medicine shortages in Germany from November. so presumably not importing at full capacity. excess death at record in December. trade deficit in January 2023 already 35b euro when you consider mild winter and lowest energy price of recent time.
Airbus plays very minor part. Total revenue of EADS is $60b. it cannot help with this scale of trade deficit when cheaper tickets are supposed to be eliminated. It may be reduced to only selling wide body aircraft. full impact of Ukraine crises will be few years down the line along with American Inflation reduction act. increase manpower and resources dedicated to Nato will take manpower away from domestic economics. foreigners will impose there own imports requirement on society.
take Finland
I am sure Indians need Indian grocery stores and what they suppose to build? with such sub optimum intake. Canada can absorb ten times this figure yearly.
Airbus plays very minor part. Total revenue of EADS is $60b. it cannot help with this scale of trade deficit when cheaper tickets are supposed to be eliminated. It may be reduced to only selling wide body aircraft. full impact of Ukraine crises will be few years down the line along with American Inflation reduction act. increase manpower and resources dedicated to Nato will take manpower away from domestic economics. foreigners will impose there own imports requirement on society.
take Finland
I am sure Indians need Indian grocery stores and what they suppose to build? with such sub optimum intake. Canada can absorb ten times this figure yearly.
It is going to get worse with the OPEC+ production cuts. Also, eventually the US is going to need to stop draining the SPR, they already drained it by half in a year.