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  • Industrial production down by 1.8% in the euro area and by 1.2% in the EU

    From ec.europa.eu

    In March 2022, the seasonally adjusted industrial production fell by 1.8% in the euro area and by 1.2% in the EU, compared with February 2022, according to estimates from Eurostat, the statistical office of the European Union. In February 2022, industrial production increased by 0.5% in the euro area and by 0.6% in the EU. In March 2022 compared with March 2021, industrial production decreased by 0.8% in the euro area and increased by 0.7% in the EU.In the euro area in March 2022, compared with February 2022, production of capital goods fell by 2.7%, nondurable consumer goods by 2.3%, intermediate goods by 2.0% and ... (full story)

Did not Lagarde just pronounce stagflation was not the ECB base case?

Real market dangers are in the unknown and so after several years of intentional non stop lies mouthed by elites believing there will be no ramifications for telling those same lies, markets are quite vulnerable to Risk off events.

Energy deficiencies developing globally will be major impacting.
Consider all those Island nations whose only source of supplies are by Diesel powered freighters.
Diesel moves the World. Any lack thereof from availability and high cost are going to impact GDP negatively.
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