Erste Asset Management Investment Blog

THIS AUTHOR'S POSTS

Risk of recession in Europe? Labor market data under the microscope
Risk of recession in Europe? Labor market data under the microscope

Risk of recession in Europe? Labor market data under the microscope

In recent weeks, there has been much discussion about the so-called Sahm Rule – a usually quite reliable recession indicator in the US that was triggered in August for the first time since the coronavirus crisis. There is no corresponding indicator for Europe so far, which raises the question: What is the risk of recession with regard to the European labor market?