Tuesday, November 4, 2008

European Union cut euro-zone economic growth this year is expected to have depression or recession

The European Commission in its autumn economic growth is expected to report that is expected in the third quarter GDP in the euro zone will continue to decline, is expected to accurate, it means that the euro zone this year has plunged into recession.
According to the report showed that euro zone GDP in the third and fourth quarters may be down, because in the second quarter GDP in the euro zone has slipped 0.2 percent, in the third quarter also fell, the euro zone will fall into a technical recession. The European Commission will report on this year's economic growth is expected from April's 1.5 percent, down from 1.2 percent. In 2009 and is expected to be in the euro zone economic growth will fall to 0.1 percent, the worst performance since 1993.
In addition, the European Commission is expected, Ireland and Spain in 2008 will be the year of economic decline, and in 2009, Ireland, Spain and the United Kingdom as a whole will decline, Germany, France and Italy will see stagnation. The EU said that the countries in the euro zone economy will make it back in the euro zone unemployment rate from 7.6 percent this year, rising to 8.4 percent, at the same time will also make the economic downturn in the euro zone next year's inflation rate by 3.5 percent this year, dropped to 2.2 percent.
In addition, according to a survey, as a result of output, new orders and purchasing to 11 years in both the speed of the fastest decline in the euro-zone manufacturing activity in October for the third consecutive contraction of 5 months, fell to its lowest level ever recorded. October euro zone manufacturing purchasing managers index from September's 41.1 down to 45.0, economists expected value of 41.3.
欧盟委员会在其秋季经济增长预期报告中指出,预计三季度欧元区GDP仍将出现下滑,若预期准确,则意味着欧元区今年已陷入经济衰退。
  据报告显示,欧元区GDP在第三、第四季度可能出现下滑,因为二季度欧元区GDP已下滑0.2%,若第三季度也出现下滑,欧元区便陷入技术性衰退。欧盟委员会在报告中将今年的经济增长预期由4月的1.5%,下调至1.2%。并预期2009年欧元区经济增速将下滑至0.1%,为1993年以来最差表现。
  此外,欧盟委员会预期,爱尔兰和西班牙2008年全年经济将出现下滑,而在2009年,爱尔兰、西班牙和英国也将全年下滑,德国、法国及意大利将出现停滞。欧盟表示,欧元区各国经济的后退将使得欧元区失业率由今年的7.6%,上涨至8.4%,同时经济下滑还将使得欧元区明年的通胀率由今年的3.5%,下降至2.2%。
  此外,据一项重要调查显示,因产出、新订单和购买量均以11年来最快速度下降,欧元区10月制造业活动连续第5个月收缩,降至有记录以来最低水平。欧元区10月制造业采购经理人指数由9月的45.0降至41.1,经济学家预期中值为41.3。

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