Tuesday, 1 November 2022

Euro remains bleak after rate hike.

Eurozone economy grew by 0.2% for October and ECB's rate stands at 2%, yet sluggishness remains. Inflation has jumped to 10% for October. Germany's consumer rebound has exhausted, France's consumption growth stalled and Spain's tourism could not last for long. September low of 0.95 beckons.

Ekonomi Eurozone bertumbuh sebesar 02.% untuk Oktober dan sukubunga ECB di level 2%, namun kelambanan masih berlaku. Tingkat inflasi melonjak ke 10%. Pantulan konsumen di Jerman sudah usai, pertumbuhan konsumsi di Perancis berhenti dan industri wisata di Spanyol tidak mampu bertahan. Jadi, level terrendah September, 0.95 menanti.

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