According to analysis, the European economy will further increase after summer. The preliminary PMI data in the third quarter of the euro zone confirmed this situation. Experts expect that the EU GDP in the third quarter will decrease by 0.1%, which is the most severe economic slowdown in 2013. Among them, Germany, as the largest economy in Europe, is the most affected by Russia’s natural gas. According to data analysis, since the global financial crisis in 2008, in addition to the impact of the epidemic, the European economy has deteriorated unprecedentedly.
In addition, the euro zone manufacturing management manager index dropped from 49.6 to 48.5 points; the service index dropped from 49.8 points to 48.9 points; the comprehensive index dropped from 48.9 to 48.2. This is the worst decline in 20 months.
According to the “World Bank” analysis, as central banks from various countries have raised interest rates to respond to inflation, the world may move towards the global economic recession in 2023, and an emerging market and developing economies may have a series of financial crisis that can cause lasting damage. “The global economic growth rate is declining sharply. As more and more countries fall into recession, they may slow down. I am worried that these trends will continue to continue. Go down and bring long -term catastrophic consequences to the people of emerging markets and developing economies. In order to achieve low inflation, stabilizing currency, and fast growth goals, decision makers can shift policy focus from reducing consumption to boosting production. Policies introduced by issued. It should be committed to increasing investment, increasing productivity, and optimizing capital allocation. These three are essential for growth and poverty reduction to poverty. “
Post time: Sep-27-2022