As a result of successive interest rate hikes, the economy of the eurozone may be stagnant or even contracting in the third quarter.
阿豆学长长ov
发表于 2023-10-28 14:58:07
252
0
0
Of the 29 economists surveyed, with the exception of four, it is expected that, following a brief economic expansion in the second quarter, the data released on Tuesday will show that GDP either stagnated or contracted. Another report is expected to show a marked weakening of inflation in October.
The President of the European Central Bank, Christine Lagarde, warned this month that, after 10 hikes, the financial environment would be tightened as never before. She was informed earlier this week that she had indicated to EU leaders that the eurozone economy was at risk of stagnation and downside risks in the coming quarters.
This is more positive than the Barclay economist ' s prediction that the region could fall into recession.
“The monetary tightening is being strongly carried out, and we have yet to see it come to an end”, Silvia Ardagna, Director of European Economic Research at Barclays, said on Wednesday, “We believe that the core inflation rate and the overall inflation rate will fall to 2 per cent faster than the ECB expected, because we predict much weaker economic activity.”
Economists believe that the third quarter has the most toll on the eurozone economy in Germany, which will publish GDP data on Monday, as well as Austria and Belgium. The French and Italian data released the following day may indicate a marginal economic expansion.
Economic research perspective:
“In view of the weakening of growth and the downward trend in risk, the likelihood of a further increase this year is now very low.”
— Chief European Economist Jamie Rush
If eurozone data show a contraction, as expected by Bloomberg ' s immediate projections, this will be the first such decline in GDP since the outbreak of the new coronary outbreak in 2020. If stagnation occurs, it will confirm that the economy has grown in only one quarter of the past four quarters.
Next week's report may still give some encouragement to ECB policymakers – inflation is expected to slow significantly. The overall inflation rate is expected to be 3.1 per cent, up from the target of 2 per cent. Core prices, excluding volatile factors such as energy, increased even more, at 4.2 per cent in October.
In terms of both inflation and economic growth, the war in the Middle East is becoming a growing concern for officials.
“We are very concerned about the potential economic consequences of this, whether direct or indirect, on energy prices or the level of confidence that economic actors will continue to demonstrate”, Lagarde said on Thursday.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Novo Nordisk acquires Cardior for 1 billion euros to accelerate its layout in the cardiovascular field
- Stellantis Group's € 4.7 billion dividend distribution plan approved
- SAP's cloud business revenue in the first quarter was 3.93 billion euros, a year-on-year increase of 24%
- Google invests 1 billion euros in Finnish data centers to drive the development of artificial intelligence
- Google plans to invest 1 billion euros to expand Finland's data center park
- Amazon is reportedly in talks with Italy to invest billions of euros in cloud plans
- Microsoft is reportedly close to reaching a multi million euro deal with cloud computing industry organizations to end EU antitrust complaints
- Exploring car company samples under the "sweet potato economy"
- Ferrari's first electric car is priced at least 500000 euros, and the second electric vehicle model is under development
- "Her economy" is hot, and Xiaoniu Electric is competing in the female market
-
理想自動車官博によると、2024年6月、理想自動車が新車47774台を納入し、前年同期比46.7%増となった。2024年第2四半期に108,581台が納入され、前年同期比25.5%増加した。2024年6月30日現在、理想自動車の累計納入台 ...
- 寒郁轩良
- 5 小时前
- 支持
- 反对
- 回复
- 收藏
-
【スタンダード500指数が今年31回の高値を迎えるにあたり、ゴールドマン・サックスは今こそ「ブレーキを踏む」ことができると警告した!】今年、大手科学技術株がスタンダード500指数の強力な反発を後押しし、一連 ...
- 愿为素心人
- 前天 13:02
- 支持
- 反对
- 回复
- 收藏
-
最新の財報は市場予想を下回り、ナイキは急落した。 現地時間6月28日金曜日、米株3大株価指数が集団で下落した。終値まで、ダウ平均は0.12%、ナ指は0.71%、スタンダード500指数は0.41%下落した。 経済データについ ...
- hecgdge4
- 前天 09:48
- 支持
- 反对
- 回复
- 收藏
-
6月30日、Kindle中国電子書店はダウンロードサービスを停止し、ホット検索に突入した。 アマゾンの中国公式サイトによると、2024年6月30日からKindle中国電子書店はクラウドダウンロードサービスを停止し、その後ダ ...
- 什么大师特
- 13 小时前
- 支持
- 反对
- 回复
- 收藏