#eurozone saw #Inflation undershoot the predictions, on April 28th a wide variety of economic indicators pointed to this trend which continues to build pressure on #ECB to cut stimulus plans as early as June.
Gone are the days when Europe’s “tech” sector largely comprised consumer-oriented e-commerce businesses – often blatant knockoffs of successful US companies. Today, Europe is the home of real pioneering innovation, led by what Atomico calls “deep tech” – the kind of artificial intelligence developed by Google’s DeepMind. Deep tech accounted for $1.3 billion of European venture investments in 2015, delivered in 82 rounds, up from $289 million, delivered in 55 rounds, in 2011.
Factories across Europe and much of Asia posted another month of solid growth in March, rounding off a strong quarter for manufacturers, even though exporters fear a rise in U.S. protectionism could snuff out a global trade recovery. China led the way, with an official manufacturing index expanding at the fastest pace in nearly five years. Surveys on Monday also showed encouraging growth in Europe, Japan, India and much of emerging Asia.
Fed's Janet Yellen says the US is in a solid state and should be allowed to coast. Unemployment in March dropped to 4.5 % and inflation is close to the Fed’s target of 2 percent. Demographic changes and low productivity are arresting the rapid expansion of U.S. economy
Recent survey shows that over 60% of the Americans feel good about the nations economy