Markets 360

Eurozone: Tight labour market means more work for ECB

Listen Later

With: 

Spyros Andreopoulos, Senior Economist, Europe 

Dani Stoilova, Economist, Europe 


BNP Paribas | Global Markets (Recorded 03 April 2023) 


  • The ECB might find the eurozone’s resilient labour market a tough nut to crack.
  • After all, we see three factors behind the tight labour market: strong and resilient aggregate demand, labour shortages due to demographics and mismatch.
  • As a result, the ECB may have to suppress demand sufficiently to deal with the cyclical reasons for labour market tightness as well as the structural ones.
  • The bottom line is that the labour market is likely to be a key factor sustaining the ECB’s tightening cycle for a while longer.


    • For more information, please refer to https://markets360.bnpparibas.com  


    For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf   


    Hosted on Ausha. See ausha.co/privacy-policy for more information.

    ...more
    View all episodesView all episodes
    Download on the App Store
    Markets 360By BNP Paribas Global Markets