New European Recession on the Way?
Unemployment in the eurozone remained becalmed at a record 11.4% in August while manufacturing put in its worst quarterly performance in Q3 since the great depression.
The Markit survey also indicated that after factory output stumbled in the peripheral countries, that trend has now spread to France and Germany.
It all points to the eurozone sliding back into recession. In fact many economists are now convinced that recession is upon us, and will be confirmed when all the figures from Q3 are in.
The Manufacturing Purchasing Manager’s Index showed that while industries cut their prices for a fourth straight month, inflation also rose more than expected in September. This may discourage the ECB from a widely-forecast new cut in interest rates before the end of the year to a record low of half a percent.
2012-10-01 22:21:37
Source: http://roomanicast.blogspot.com/2012/10/new-european-recession-on-way.html
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).