LONDON, Aug 23 (Reuters) – Euro zone business activity declined far more than thought in August with the slide in Germany particularly fast, while some inflationary pressures returned, surveys showed.
Wednesday's purchasing managers' indexes complicate matters for the European Central Bank which wants to control still rampant price rises without causing a recession.
It is expected to pause interest rate hikes in September, according to a narrow majority of economists polled by Reuters, despite elevated inflation. A further rise in rates by year-end remains on the cards, however, following the central bank's most aggressive policy tightening cycle.”
So all and all things are not looking good. However I have faith in the long term. What sectors wouls be good to buy during the current recession?
Leave a Reply