pace of economic recovery in the euro zone is slowing

Economic growth, surprisingly good in the second quarter data, the current pace of economic recovery in the euro zone is slowing. Manufacturing output data in April and gradually decline after the peak, the euro zone unemployment rate in September climbed to a new high in 12 years. In addition, the euro-zone differences between countries increase economic growth, the three German companies mostly positive quarterly earnings data, economic growth is still far ahead in European countries, while Greece, Ireland, Portugal, debt, economic growth near zero or even negative growth. Between countries, "the strong stronger and the weak weaker," the situation has not changed. Looking ahead, the International Monetary Fund had projected the growth rate of the euro zone next year will fall 1.7% this year to 1.5% next year, the United States increased by 2.6% and 2.3%, still substantially higher than the euro-zone growth.

Slowdown in economic growth, the gap is widening, while the shadow of inflation is also re-hit. This year in October, the price level rose 16-nation euro zone reached 1.9%, the highest value in two years from the ECB's 2% ceiling for inflation control is only one step away.

A new round of Fed monetary policy of quantitative easing Another consequence is that investors seeking to promote oil, metals and other assets, continue to push the current price level. From 8 since the end of dollar-denominated oil prices have jumped nearly 17%. Although partially offset by the appreciation of the euro in euro denominated crude oil price increases, but the future euro-zone inflation continued to climb difficult to change the situation.

At the press conference, Trichet also said that as energy and commodity prices, the euro area will remain the future price level slightly upward trend, the European Central Bank remains highly concerned about the status of the euro area inflation. In the next few months, while the European Central Bank to raise interest rates is still not the policy, but can be expected that the withdrawal of the bailout policies or to put on the agenda