Key highlights from this read:
Higher mortgage rates are crippling the new housing demand, the effect of which is being trickled to other parts of the economy.
UK housing market is more vulnerable to due to the high % of mortgages for a 2 year period. The impact of the higher rates will be felt later and the full blow would not be easy to gauge at the moment.
Continental Europe traditionally has more savings than the US and UK according to the ECB.
In the spring we will get to know if the higher rates which the government paid to get the LNG is proving to much to handle for the citizens as the price effect for it has not trickled down yet.
Vacancies are still higher than the unemployment levels which results in wage inflation.
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