‘Business as Usual’ – Peace / Safety / Destruction / Economic Collapse

Jesus said the coming of the Son of Man will be just like the days of Noah (Matthew 24:37-39). The thing about the days of Noah is that even in the midst of terrible apostasy, evil, violence, and rebellion against God, the people went ahead with their normal lives. They planted fields, they harvested crops, they built houses, they got married, and they had children. They went about business as usual, until the very day that Noah entered the ark, and then destruction came and took them all away

1 Thessalonians 5:3 For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.

Revelation 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Business as Usual? Convergence of Economic Signs: Brussels on alert: EU economy grinds to a halt amid fears over imminent no-Brexit deal meltdown

BRUSSELS is on high alert after the European economy suffered a huge blow with new data showing the eurozone grinding nearly to a complete halt – amid the looming risks of a no deal Brexit.

By OLI SMITH PUBLISHED: 17:50, Wed, Jul 31, 2019 | UPDATED: 18:50, Wed, Jul 31, 2019

The European Union faces an imminent eurozone crisis after new economic figures pointed to a shock slowdown. The latest data is a huge blow to EU leaders, amid growing concern that a no deal Brexit could worsen the situation in Europe. According to the preliminary Eurostat data, the eurozone GDP grew by just 0.2 percent quarter-on-quarter in the April-June period, down from 0.4 percent in the previous three months.

https://www.express.co.uk/news/world/1160181/Brexit-latest-EU-economy-eurozone-no-deal

The European Commission admitted that the figures were worrying, particularly pointing to youth unemployment statistics as a cause for concern.

Christian Spahr, European Commission Spokesperson: “Youth unemployment is at the heart of our agenda.

“Almost one young person out of seven on the labour market searching, but unable to find employment. Job creation is hugely important.”

The latest figures fuels speculation that European Central Bank will soon unveil a package of measures, including rate cuts and possibly additional purchases of Eurozone bonds.

These drastic measures are intended to jump-start the European economy ahead of an expected no deal Brexit at the end of October.

The ECB’s president president Mario Draghi said last week that the economic outlook was becoming “worse and worse”.

Earlier today, Ireland’s central bank warned that economic growth in the eurozone member with the closest ties to Britain would slow sharply to 0.7 percent next year in the event of a no-deal Brexit.

This is compared with 4.1 percent if the UK left on agreed terms. 

The report from the Central Bank of Ireland warned that a no deal departure would cost Ireland 34,000 jobs by next year and 110,000 fewer jobs over the next ten years.

Irish exports would also be devastated by a forecast weakening in the UK economy.

One bright spot in the European economy reports was the Spanish economy, which grew by 0.5% – but even that was the slowest growth in the country since mid-2014.

Nicola Nobile, lead eurozone economist at consultancy Oxford Economics, said: “The eurozone data today confirm that the economy has moved down a gear as worsening external conditions and the increase in uncertainty continue to take their toll.

“Looking forward, the continued weakness in eurozone surveys suggest that a robust pick-up in GDP growth in H2 2019 is not on the cards.”

One of the worst hit was French President Emmanuel Macron, who was stunned by a dramatic weakening of the economy – amid fears of an imminent euro plunge.

The French economy has almost ground to a complete halt, with concerns that a hard Brexit could spark an economic crisis throughout the eurozone.