This year’s Jackson Hole conference was rather disappointing in the sense that it didn’t deliver much out-of-the-box thinking with regards to monetary policy. US policymakers, meanwhile, highlighted that the case for a second rate hike has become stronger.
Belgium has seen quite a number of strikes in recent weeks, reinforcing the image of a ‘failed state’. But the latter of course stands in clear contrast with what the actual figures tell us and therefore makes no sense. That said, the figures suggest there is significant room for improvement.