Jörg Radeke, an economist at the centre for economics and business research (CEBR), said: "Today's figures suggest that the impact of the recession in the eurozone has gathered pace with the total level of unemployment rising significantly. "Although the labour markets in the euro area's biggest economies, namely Germany and France, have been surprisingly resilient in the past months, it is our view that this reflects inflexibility of the labour markets rather than economic robustness. On a brighter note, the continuing contraction of consumer price inflation will allow the European Central Bank to cut rates further and a 50 basis point reduction at the beginning of December is almost certain."
"Although the labour markets in the euro area's biggest economies, namely Germany and France, have been surprisingly resilient in the past months, it is our view that this reflects inflexibility of the labour markets rather than economic robustness. On a brighter note, the continuing contraction of consumer price inflation will allow the European Central Bank to cut rates further and a 50 basis point reduction at the beginning of December is almost certain."
It's not even a Think Tank - just a 'consultancy.'
OK, actually, lately I've needed to justify off-sides, intimate acquaintance with characteristics of (n): small (12 > n < 1,750) vs large (>5,000) dataset manipulations for descriptive purposes or predictive power, knowing poor μ (mooooo) ≤ 5% N is an axiomatic threshhold to modeling normal macroeconomic, politcially self-serving gears which determine or characterize populations ≥ 500K. NB the gaps.
Personally, I've no reason to believe analysis of abonormal distributions produces affirmative "national" or totalitarian governing strategy. I'm not convinced that standardizing every business input and output is a requirement of economic and lawful security and business. (Here is an interesting interview in which participatns dispute the social-level function of commecial litigation. Ambiguous to say the least. The people need righteous attys rather than "economists", desperately.) Then again, I'm a democrat, willing and able to negotiate specious benefits and losses to effect economic stability, over all and over time.
So I realized, again: all those joker citations rely on *.gov compound estimates to formulate a story fit to print. And it is that methodoligical gate to the pasture that separates the ignorant (phil.) from, at least, the skeptical. Diversity is the key to economic and political evolution.
When facts makes theory look bad, it's urgent to kill the facts (what have they done for us lately?). Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
