![\"\u0635\u0648\u0631\u0629\"](\"https:\/\/vertu-glass.oss-cn-hangzhou.aliyuncs.com\/\/2022\/8\/15\/9\/49\/16\/924446\/admin.center-file-1-32-1660528156.631.gif\")
<\/p>\n\u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0632\u064a\u0627\u062f\u0629 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0631\u0643\u0648\u062f \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0628\u0634\u0643\u0644 \u062d\u0627\u062f\u060c \u0625\u0644\u0627 \u0623\u0646 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a (ECB)\u060c \u0627\u0644\u0630\u064a \u0643\u0627\u0646 \u064a\u064f\u0639\u0631\u0641 \u0641\u064a \u0627\u0644\u0633\u0627\u0628\u0642 \u0628\u0627\u0633\u0645 \"\u0645\u0644\u0643 \u0627\u0644\u062d\u0645\u0627\u0645\u0629\"\u060c \u0627\u062e\u062a\u0627\u0631 \u0641\u064a \u0627\u0644\u0646\u0647\u0627\u064a\u0629 \u0631\u0641\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0628\u0642\u0648\u0629 \u0644\u0645\u0643\u0627\u0641\u062d\u0629 \u0627\u0644\u062a\u0636\u062e\u0645.<\/p>\n
On September 8th at 20:15 Beijing time, the ECB announced its interest rate decision and, as expected, raised interest rates by a substantial 75 basis points, a move that has not been seen since 1999. After the rate hike, the ECB's marginal lending rate is 1.5%, the main refinancing rate is 1.25%, and the deposit facility rate is 0.75%.<\/p>\n
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<\/p>\n
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![\"\u0635\u0648\u0631\u0629\"](\"https:\/\/vertu-glass.oss-cn-hangzhou.aliyuncs.com\/\/2022\/9\/9\/18\/15\/38\/8534831\/admin.center-file-1-32-1662718538.928.jpg\")
<\/p>\n
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\u0628\u0639\u062f \u0627\u062c\u062a\u0645\u0627\u0639 \u064a\u0648\u0644\u064a\u0648 \u0627\u0644\u0645\u0627\u0636\u064a\u060c \u0627\u0633\u062a\u0645\u0631\u062a \u0627\u0644\u0636\u063a\u0648\u0637 \u0627\u0644\u062a\u0636\u062e\u0645\u064a\u0629 \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0641\u064a \u0627\u0644\u062a\u0635\u0627\u0639\u062f. \u0641\u0642\u062f \u0623\u0638\u0647\u0631\u062a \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0627\u0644\u0635\u0627\u062f\u0631\u0629 \u0639\u0646 \u064a\u0648\u0631\u0648\u0633\u062a\u0627\u062a \u0641\u064a 31 \u0623\u063a\u0633\u0637\u0633 \u0623\u0646 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0637\u0627\u0642\u0629 \u0648\u0627\u0644\u0645\u0648\u0627\u062f \u0627\u0644\u063a\u0630\u0627\u0626\u064a\u0629 \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0648\u0627\u0635\u0644\u062a \u0627\u0631\u062a\u0641\u0627\u0639\u0647\u0627 \u0641\u064a \u0638\u0644 \u0627\u0644\u0635\u0631\u0627\u0639 \u0628\u064a\u0646 \u0631\u0648\u0633\u064a\u0627 \u0648\u0623\u0648\u0643\u0631\u0627\u0646\u064a\u0627. \u0641\u0642\u062f \u0627\u0631\u062a\u0641\u0639 \u0645\u0639\u062f\u0644 \u0627\u0644\u062a\u0636\u062e\u0645 \u0641\u064a \u0623\u063a\u0633\u0637\u0633 \u0625\u0644\u0649 9.11 \u0646\u0642\u0637\u0629 \u0645\u0626\u0648\u064a\u0629 \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0648\u0647\u0648 \u0623\u0639\u0644\u0649 \u0645\u0646 \u0645\u0639\u062f\u0644 \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0630\u064a \u0628\u0644\u063a 8.91 \u0646\u0642\u0637\u0629 \u0645\u0626\u0648\u064a\u0629 \u0641\u064a \u064a\u0648\u0644\u064a\u0648\u060c \u0645\u062a\u062c\u0627\u0648\u0632\u064b\u0627 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0648\u0645\u062d\u0642\u0642\u064b\u0627 \u0631\u0642\u0645\u064b\u0627 \u0642\u064a\u0627\u0633\u064a\u064b\u0627 \u0645\u0631\u062a\u0641\u0639\u064b\u0627 \u064a\u0642\u062a\u0631\u0628 \u0645\u0646 \u062a\u0636\u062e\u0645 \u0645\u0646 \u0631\u0642\u0645\u064a\u0646.<\/p>\n
What's worse, the core harmonized CPI, which excludes energy, food, and tobacco prices, is 4.3%, also a record high. The continuous rise in the core inflation rate highlights that price pressures are spreading to a broader economic field. Economists predict that the eurozone's inflation rate has not yet peaked. With the surge in natural gas and electricity prices, the inflation rate in the eurozone is expected to rise further in the coming months, possibly reaching double digits.<\/p>\n
In addition to the inflationary pressures brought about by the surge in energy prices, the recent aggressive interest rate hikes by the Federal Reserve have also had negative spillover effects on Europe, with the euro continuing to weaken against the US dollar and breaking parity several times, further exacerbating Europe's inflationary pressures.<\/p>\n
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Zhao Wei, Chief Economist of Guojin Securities, stated that under the backdrop of high global energy prices and contracting trade, Europe's exports may continue to weaken and drag down economic performance. Geopolitical tensions and extreme weather events could both recur, intensifying the energy supply and demand contradiction, keeping prices at high levels or even reaching new highs, and continuing to be a heavy burden on European exports.<\/p>\n
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Some factories that have relocated may not return. Michael H\u00fcther, a researcher at the German Economic Research Institute, warned this spring that if Europe loses too much of Russia's natural gas too quickly, it will plunge the entire European continent into a severe crisis.<\/p>\n On an official level, German Economy Minister Robert Habeck also stated that as long as energy is an important component of business models, German companies will feel extremely anxious. Energy is an essential component that almost all German manufacturing companies must consider, and most of the business models of German manufacturing are based on Russia's abundant and cheap natural gas. However, everything has changed now.<\/p>\n \u062a\u0634\u064a\u0631 \u062a\u062d\u0644\u064a\u0644\u0627\u062a \u062a\u0627\u0644\u0627\u0641\u064a\u0631\u0627 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0631\u062a\u0641\u0627\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0637\u0627\u0642\u0629 \u0633\u064a\u0624\u062f\u064a \u0623\u064a\u0636\u064b\u0627 \u0625\u0644\u0649 \u0627\u0631\u062a\u0641\u0627\u0639 \u0630\u0631\u0648\u0629 \u0627\u0644\u062a\u0636\u062e\u0645 \u0648\u062a\u0648\u0642\u064a\u062a \u0645\u062a\u0623\u062e\u0631 \u0639\u0645\u0627 \u0643\u0627\u0646 \u0645\u062a\u0648\u0642\u0639\u064b\u0627 \u0641\u064a \u0627\u0644\u0633\u0627\u0628\u0642. \u0648\u0633\u064a\u0645\u062a\u062f \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0645\u0631\u062a\u0641\u0639 \u0625\u0644\u0649 \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0645\u0642\u0628\u0644. \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u0628\u0644\u063a \u0645\u062a\u0648\u0633\u0637 \u0645\u0639\u062f\u0644 \u0627\u0644\u062a\u0636\u062e\u0645 \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0641\u064a \u0639\u0627\u0645 2023 4.31 \u062a\u064a\u0631\u0627\u0628\u0627\u064a\u062a 12 \u062a\u064a\u0631\u0627\u0628\u0627\u064a\u062a\u060c \u0648\u0647\u0648 \u0623\u0639\u0644\u0649 \u0645\u0646 2.21 \u062a\u064a\u0631\u0627\u0628\u0627\u064a\u062a 12 \u062a\u064a\u0631\u0627\u0628\u0627\u064a\u062a \u0627\u0644\u062a\u064a \u062a\u0648\u0642\u0639\u0647\u0627 \u0645\u0639\u0647\u062f \u0623\u0643\u0633\u0641\u0648\u0631\u062f \u0644\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0641\u064a \u0627\u0644\u0633\u0627\u0628\u0642.<\/p>\n \u0628\u0639\u062f \u0630\u0644\u0643\u060c \u0633\u062a\u0648\u0627\u062c\u0647 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u062a\u0623\u062b\u064a\u0631\u064b\u0627 \u0645\u062a\u0632\u0627\u064a\u062f\u064b\u0627. \u0648\u062a\u0634\u064a\u0631 \u062a\u0642\u062f\u064a\u0631\u0627\u062a \u0645\u0648\u0631\u062c\u0627\u0646 \u0633\u062a\u0627\u0646\u0644\u064a \u0625\u0644\u0649 \u0623\u0646\u0647 \u0639\u0644\u0649 \u062e\u0644\u0641\u064a\u0629 \u062a\u0635\u0627\u0639\u062f \u0623\u0632\u0645\u0629 \u0627\u0644\u0637\u0627\u0642\u0629 \u0648\u062a\u0632\u0627\u064a\u062f \u0627\u0644\u062a\u0636\u062e\u0645\u060c \u0633\u062a\u0648\u0627\u062c\u0647 \u0647\u0648\u0627\u0645\u0634 \u0623\u0631\u0628\u0627\u062d \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u0623\u0643\u0628\u0631 \u0627\u0646\u062e\u0641\u0627\u0636 \u0641\u064a \u0623\u0643\u062b\u0631 \u0645\u0646 \u0639\u0642\u062f \u0645\u0646 \u0627\u0644\u0632\u0645\u0627\u0646.<\/p>\n Morgan Stanley strategist Graham Secker warned: “As companies' pricing power begins to weaken, profit prospects for next year may become much more difficult. Our leading profit margin indicator shows that European corporate profit margins will experience the largest decline since the global financial crisis of 2008 next year.”<\/p>\n \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0641\u0625\u0646 \u0627\u0644\u062e\u0628\u0631 \u0627\u0644\u0633\u0627\u0631 \u0647\u0648 \u0623\u0646 \u0627\u0644\u062d\u0643\u0648\u0645\u0627\u062a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u0627\u062a\u062e\u0630\u062a \u0628\u0639\u0636 \u0627\u0644\u0625\u062c\u0631\u0627\u0621\u0627\u062a \u0644\u0644\u062a\u062e\u0641\u064a\u0641 \u0645\u0646 \u062d\u062f\u0629 \u0627\u0644\u0645\u0634\u0643\u0644\u0629. \u0641\u0641\u064a 4 \u0633\u0628\u062a\u0645\u0628\u0631\u060c \u062a\u0648\u0635\u0644 \u0627\u0644\u0627\u0626\u062a\u0644\u0627\u0641 \u0627\u0644\u062d\u0627\u0643\u0645 \u0641\u064a \u0623\u0644\u0645\u0627\u0646\u064a\u0627 \u0625\u0644\u0649 \u0627\u062a\u0641\u0627\u0642 \u0628\u0634\u0623\u0646 \u0627\u0644\u062c\u0648\u0644\u0629 \u0627\u0644\u062b\u0627\u0644\u062b\u0629 \u0645\u0646 \u062e\u0637\u0637 \u0627\u0644\u0625\u063a\u0627\u062b\u0629\u060c \u0628\u0645\u0628\u0644\u063a \u0625\u062c\u0645\u0627\u0644\u064a \u0642\u062f\u0631\u0647 65 \u0645\u0644\u064a\u0627\u0631 \u064a\u0648\u0631\u0648 \u0644\u062a\u062e\u0641\u064a\u0641 \u0627\u0644\u0636\u063a\u0637 \u0627\u0644\u0646\u0627\u062c\u0645 \u0639\u0646 \u0627\u0646\u062e\u0641\u0627\u0636 \u0625\u0645\u062f\u0627\u062f\u0627\u062a \u0627\u0644\u063a\u0627\u0632 \u0627\u0644\u0637\u0628\u064a\u0639\u064a \u0627\u0644\u0631\u0648\u0633\u064a \u0648\u0632\u064a\u0627\u062f\u0629 \u0641\u0648\u0627\u062a\u064a\u0631 \u0627\u0644\u0637\u0627\u0642\u0629.<\/p>\n \u0623\u0639\u0644\u0646\u062a \u0631\u0626\u064a\u0633\u0629 \u0627\u0644\u0648\u0632\u0631\u0627\u0621 \u0627\u0644\u0628\u0631\u064a\u0637\u0627\u0646\u064a\u0629 \u0644\u064a\u0632 \u062a\u0631\u0648\u0633 \u0639\u0646 \u062d\u0632\u0645\u0629 \u0628\u0642\u064a\u0645\u0629 \u062a\u0631\u064a\u0644\u064a\u0648\u0646 \u062c\u0646\u064a\u0647 \u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a \u0641\u064a \u0627\u0644\u062b\u0627\u0645\u0646 \u0645\u0646 \u0627\u0644\u0634\u0647\u0631 \u0627\u0644\u062c\u0627\u0631\u064a \u0644\u0645\u0633\u0627\u0639\u062f\u0629 \u0627\u0644\u0646\u0627\u0633 \u0639\u0644\u0649 \u062f\u0641\u0639 \u0641\u0648\u0627\u062a\u064a\u0631 \u0627\u0644\u0637\u0627\u0642\u0629. \u0633\u062a\u0636\u0639 \u0627\u0644\u062e\u0637\u0629 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u062d\u062f\u064b\u0627 \u0623\u0642\u0635\u0649 \u0644\u0645\u062a\u0648\u0633\u0637 \u0641\u0648\u0627\u062a\u064a\u0631 \u0627\u0644\u063a\u0627\u0632 \u0648\u0627\u0644\u0643\u0647\u0631\u0628\u0627\u0621 \u0644\u0644\u0623\u0633\u0631 \u0628\u062d\u0648\u0627\u0644\u064a 2,500 \u062c\u0646\u064a\u0647 \u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a \u0633\u0646\u0648\u064a\u064b\u0627\u060c \u0648\u0647\u0648 \u0623\u0639\u0644\u0649 \u0628\u0640 500 \u062c\u0646\u064a\u0647 \u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a \u0645\u0646 \u0627\u0644\u062d\u062f \u0627\u0644\u062d\u0627\u0644\u064a \u0648\u0644\u0643\u0646\u0647 \u0623\u0642\u0644 \u0628\u0640 1,000 \u062c\u0646\u064a\u0647 \u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a \u0645\u0646 \u0627\u0644\u062d\u062f \u0627\u0644\u0630\u064a \u0633\u064a\u062a\u0645 \u062a\u0637\u0628\u064a\u0642\u0647 \u0641\u064a \u0623\u0643\u062a\u0648\u0628\u0631.<\/p>\n In Talavera's view, the surge in energy prices could potentially trigger social unrest, so further policy support from European governments is almost certain. Tax cuts and government transfers may continue to be the most popular policy choices, which would alleviate the pressure caused by soaring inflation.<\/p>\n \u0641\u064a \u0645\u0648\u0627\u062c\u0647\u0629 \u0645\u0639\u0636\u0644\u0629 \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0645\u0631\u062a\u0641\u0639 \u0648\u0627\u0644\u0631\u0643\u0648\u062f \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u060c \u0627\u062a\u062e\u0630 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u062e\u064a\u0627\u0631\u064b\u0627: \"\u0625\u0639\u0637\u0627\u0621 \u0627\u0644\u0623\u0648\u0644\u0648\u064a\u0629 \u0644\u0645\u0642\u0627\u0648\u0645\u0629 \u0627\u0644\u062a\u0636\u062e\u0645 \u0639\u0644\u0649 \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\"\u060c \u0648\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0641\u064a \u0648\u0636\u0639 \u063a\u064a\u0631 \u0645\u0633\u062a\u0642\u0631 \u0628\u0627\u0644\u0641\u0639\u0644.<\/p>\n Before the first interest rate hike in July, the Eurozone's economy actually performed quite well in the second quarter. On September 7th, data released by the Statistical Office of the European Union showed that the second quarter GDP of the Eurozone was a final value of 0.8% on a quarterly basis and 4.1% on a year-on-year basis, both better than expected.<\/p>\n However, the European economy is about to enter a dark period. The “violent interest rate hike” to combat inflation is likely to come at the expense of economic growth, and the energy crisis has further exacerbated the economic difficulties. Currently, European industrial output has already been impacted, and the soaring electricity prices may force more manufacturers to reduce their operations. In addition, the surge in energy bills has further weakened European consumers' disposable spending.<\/p>\n Germany, the economic powerhouse of Europe, is showing clear signs of fatigue. Data released by the Federal Statistical Office of Germany on September 6th showed that Germany's factory orders in July fell by 1.1% month-on-month, marking the sixth consecutive month of decline and exceeding market expectations, which has intensified concerns about the growth prospects of Europe. In addition, Germany's GDP growth rate in the second quarter was only 0.1%, far below the 0.8% in the first quarter.<\/p>\n Under the impact of supply bottlenecks and energy issues, Europe's trade conditions have deteriorated significantly, and the trade deficit has continued to widen. Germany has seen its first trade deficit in 30 years. Zhao Wei said that under the supply bottlenecks, European industries such as the automotive industry have suffered a huge impact; the surge in energy prices has led to a significant increase in production costs for some upstream European companies, severely eroding profits and depressing production enthusiasm, all of which have led to a noticeable decline in Europe's export share of goods.<\/p>\n \u0648\u0642\u062f \u0623\u062f\u0649 \u062a\u062f\u0647\u0648\u0631 \u0627\u0644\u0623\u0648\u0636\u0627\u0639 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u0625\u0644\u0649 \u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u0648\u0627\u0631\u062f\u0627\u062a \u0648\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u062a\u0633\u0627\u0639 \u0627\u0644\u0639\u062c\u0632 \u0627\u0644\u062a\u062c\u0627\u0631\u064a. \u0648\u0625\u0630\u0627 \u0623\u062e\u0630\u0646\u0627 \u0623\u0644\u0645\u0627\u0646\u064a\u0627 \u0643\u0645\u062b\u0627\u0644 \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u0641\u0642\u062f \u0627\u062a\u0633\u0639 \u0627\u0644\u0639\u062c\u0632 \u0627\u0644\u062a\u062c\u0627\u0631\u064a \u0645\u0639 \u0627\u0644\u0635\u064a\u0646\u060c \u0627\u0644\u062a\u064a \u062a\u062a\u0645\u062a\u0639 \u0628\u0633\u0644\u0633\u0644\u0629 \u062a\u0648\u0631\u064a\u062f \u0643\u0627\u0645\u0644\u0629 \u0646\u0633\u0628\u064a\u0627\u064b\u060c \u0627\u062a\u0633\u0627\u0639\u0627\u064b \u0643\u0628\u064a\u0631\u0627\u064b\u060c \u0643\u0645\u0627 \u0627\u0633\u062a\u0645\u0631 \u0627\u0644\u0639\u062c\u0632 \u0627\u0644\u062a\u062c\u0627\u0631\u064a \u0645\u0639 \u0627\u0644\u0628\u0644\u062f\u0627\u0646 \u0627\u0644\u0645\u0635\u062f\u0631\u0629 \u0644\u0644\u0637\u0627\u0642\u0629 \u0645\u062b\u0644 \u0627\u0644\u0646\u0631\u0648\u064a\u062c \u0641\u064a \u0627\u0644\u0627\u062a\u0633\u0627\u0639.<\/p>\n \u064a\u0628\u062f\u0648 \u0645\u0646 \u0627\u0644\u0625\u0634\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u062e\u062a\u0644\u0641\u0629 \u0623\u0646 \u0627\u0644\u0631\u0643\u0648\u062f \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0634\u0628\u0647 \u0645\u0624\u0643\u062f\u060c \u0628\u0644 \u0625\u0646 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0646\u0641\u0633\u0647 \u064a\u062a\u0648\u0642\u0639 \u0631\u0643\u0648\u062f \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0641\u064a \u0627\u0644\u0646\u0635\u0641 \u0627\u0644\u0623\u062e\u064a\u0631 \u0645\u0646 \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u062d\u0627\u0644\u064a \u0648\u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u0623\u0648\u0644 \u0645\u0646 \u0639\u0627\u0645 2023. \u0648\u064a\u062d\u0630\u0631 \u062a\u0627\u0644\u0627\u0641\u064a\u0631\u0627 \u0645\u0646 \u0623\u0646 \u0627\u0631\u062a\u0641\u0627\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0637\u0627\u0642\u0629 \u0633\u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u062a\u062f\u0645\u064a\u0631 \u0627\u0644\u0637\u0644\u0628\u060c \u0648\u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u062d\u062f\u0648\u062b \u0631\u0643\u0648\u062f \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u062e\u0644\u0627\u0644 \u0641\u0635\u0644 \u0627\u0644\u0634\u062a\u0627\u0621\u060c \u0645\u0639 \u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u0643\u0648\u0646 \u0645\u0639\u062f\u0644 \u0646\u0645\u0648 \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a 01 \u062a\u064a\u0631\u0627\u0628\u0627\u064a\u062a 12 \u062a\u064a\u0631\u0627\u0628\u0627\u064a\u062a \u0644\u0639\u0627\u0645 2023 (0.91 \u062a\u064a\u0631\u0627\u0628\u0627\u064a\u062a 12 \u062a\u064a\u0631\u0627\u0628\u0627\u064a\u062a \u0633\u0627\u0628\u0642\u064b\u0627).<\/p>\n In Zhao Wei's view, major economic indicators in Europe have declined rapidly recently, and concerns about a recession have significantly increased. Since the outbreak of the Russia-Ukraine conflict, the manufacturing PMI in countries such as Germany and France has continued to fall to around 50%; in terms of consumption, the eurozone's consumer confidence index fell to -24.9 in August, which usually leads residents' consumption expenditure by three months and also reflects the risk of weakening consumption.<\/p>\n \u0628\u0627\u0644\u0645\u0642\u0627\u0631\u0646\u0629 \u0645\u0639 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a \u0627\u0644\u0623\u0643\u062b\u0631 \u0645\u0631\u0648\u0646\u0629\u060c \u0641\u0625\u0646 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0623\u0636\u0639\u0641\u060c \u0648\u062e\u0637\u0631 \u0627\u0644\u0631\u0643\u0648\u062f \u0623\u0643\u062b\u0631 \u062d\u062f\u0629. \u0641\u064a \u0638\u0644 \u062a\u0628\u0627\u064a\u0646 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0627\u062a 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\u0628\u0639\u062f. \u0641\u0645\u0639 \u0627\u0642\u062a\u0631\u0627\u0628 \u0641\u0635\u0644 \u0627\u0644\u0634\u062a\u0627\u0621 \u0627\u0644\u0628\u0627\u0631\u062f\u060c \u0642\u062f \u062a\u062a\u0641\u0627\u0642\u0645 \u0623\u0632\u0645\u0629 \u0627\u0644\u0637\u0627\u0642\u0629 \u0628\u0634\u0643\u0644 \u0623\u0643\u0628\u0631\u060c \u0645\u0645\u0627 \u064a\u0648\u062c\u0647 \u0636\u0631\u0628\u0629 \u0623\u0643\u0628\u0631 \u0644\u0644\u0627\u0642\u062a\u0635\u0627\u062f. \u0648\u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0646\u0641\u0633\u0647\u060c \u0633\u064a\u0638\u0647\u0631 \u062a\u062f\u0631\u064a\u062c\u064a\u064b\u0627 \u062a\u0623\u062b\u064a\u0631 \u0631\u0641\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0642\u0648\u064a \u0639\u0644\u0649 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f. \u0643\u0645\u0627 \u0633\u064a\u0648\u0627\u062c\u0647 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u062a\u062d\u062f\u064a\u0627\u062a \u0623\u0643\u0628\u0631 \u0641\u064a \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644.<\/p>\n Even though the risk of economic recession has increased sharply, the European Central Bank (ECB), once known as the “dove […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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<\/p>\n![\"\u0635\u0648\u0631\u0629\"](\"https:\/\/vertu-glass.oss-cn-hangzhou.aliyuncs.com\/\/2022\/9\/7\/16\/39\/40\/1423607\/admin.center-file-1-32-1662539980.136.jpg\")
<\/p>\n\u0639\u0628\u0621 \u0644\u0627 \u064a\u0637\u0627\u0642 \u0639\u0644\u0649 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a<\/h2>\n
![\"\u0635\u0648\u0631\u0629\"](\"https:\/\/vertu-glass.oss-cn-hangzhou.aliyuncs.com\/\/2022\/9\/5\/13\/54\/20\/1999286\/admin.center-file-1-32-1662357260.632.jpg\")
<\/p>\n![\"\u0635\u0648\u0631\u0629\"](\"https:\/\/vertu-glass.oss-cn-hangzhou.aliyuncs.com\/\/2022\/9\/9\/18\/15\/38\/3648747\/admin.center-file-1-32-1662718538.93.jpg\")
<\/p>\n![\"\u0635\u0648\u0631\u0629\"](\"https:\/\/vertu-glass.oss-cn-hangzhou.aliyuncs.com\/\/2022\/9\/9\/18\/15\/38\/1851907\/admin.center-file-1-32-1662718538.93.jpg\")
<\/p>\n\u0627\u0644\u0631\u0643\u0648\u062f \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0623\u0645\u0631 \u0644\u0627 \u0645\u0641\u0631 \u0645\u0646\u0647<\/h2>","protected":false},"excerpt":{"rendered":"