Latest / The European Economy Podcast with Fexingo: ECB, Eurozone, and Continental Markets
How Eurozone Labor Costs Are Undermining the Recovery
Lucas and Luna examine a quietly alarming trend in the Eurozone: labor costs per hour rose 5.6% year-over-year in Q1 2026, far outpacing productivity gains. They drill into Germany's construction sector—where wages jumped 7.2% while output fell—and compare it to Spain's more balanced picture. Drawing on ECB data and the latest trade-weighted dollar index (120.4), they ask whether the Eurozone's competitiveness is slipping just as the global trade landscape shifts after the Hormuz deal. A focused, data-driven conversation about the real cost of the recovery.
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