Payrolls are shrinking in Europe which is not good for US multinationals that do business there, US firms that export there, or Chinese operations which send tens of billions of dollars of goods to the region each year.
According to Bloomberg, “European payrolls shrank 0.3 percent in the fourth quarter from the previous three months, the second quarterly contraction and the biggest decline since the data series started in 1995, a separate report showed.”
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