Energy prices continued to stimulateinflatebut Food Andimported industrial goods Prices rose sharply as they played the industry Services marginal role this time.
and turn upfor the European Central Bank Interest rates are 200 basis points in total for the past three months and he promised to tighten further in December. However, markets are starting to predict a slowdown in the rate of interest rate hike in light recession Impending to lower gas prices from record levels.
Speaking at a subsequent press conference, the head offor the European Central Bank Cristina Lagarde The likelihood of a recession in euro zone have intensified.
But politicians are likely to be concerned that core inflation will continue to accelerate, indicating increased price pressures and increasing entrenchment risk. inflation tall.
In a related context, official data showed that the initial reading of Gross domestic product The euro area grew by 0.2% in the third quarter, after the euro area grew by 0.8% in the second quarter. Belgium, Latvia and Austria recorded growth rates below zero.
So far, the 19-nation bloc has avoided a recession, but the economic slowdown is evident. Many economists predict a contraction in GDP during the current quarter.
“>
acceleration of growth Consumer prices In the 19 countries using the euro, it rose to 10.7 percent in October from 9.9 percent in September, exceeding analysts’ expectations in a Reuters poll of 10.2 percent, an increase inflation in Germany and Italy and France More than expected, according to data published by the Statistical Office of the European Union (Eurostat).
Energy prices continued to stimulateinflatebut Food Andimported industrial goods Prices rose sharply as they played the industry Services marginal role this time.
and turn upfor the European Central Bank Interest rates are 200 basis points in total for the past three months and he promised to tighten further in December. However, markets are starting to predict a slowdown in the rate of interest rate hike in light recession Impending to lower gas prices from record levels.
Speaking at a subsequent press conference, the head offor the European Central Bank Cristina Lagarde The likelihood of a recession in euro zone have intensified.
But politicians are likely to be concerned that core inflation will continue to accelerate, indicating increased price pressures and increasing entrenchment risk. inflation tall.
In a related context, official data showed that the initial reading of Gross domestic product The euro area grew by 0.2% in the third quarter, after the euro area grew by 0.8% in the second quarter. Belgium, Latvia and Austria recorded growth rates below zero.
So far, the 19-nation bloc has avoided a recession, but the economic slowdown is evident. Many economists predict a contraction in GDP during the current quarter.
