Iran war hit euro zone consumption especially hard, ECB says
10 Articles
10 Articles
The energy shock caused by the war in the Middle East weighs on the economy of the Eurozone mainly through the reduction of the real income of families. It is the conclusion of the new Economic Bulletin of the European Central Bank, which dedicates a deepening to the effects of the increase in oil and gas prices on consumption. For an area heavily dependent on energy imports such as [...] The ECB article: the expensive energy caused by the war i…
Iran war hit euro zone consumption especially hard, ECB says
The euro area families reduced spending after the start of the conflict in Iran mainly due to greater uncertainty, and not only to the advance of inflation, according to research by the European Central Bank (ECB). Consumer confidence fell and consumption slowed, especially by reducing discretionary spending, while energy expenditure increased. Transport costs and expenditure on housing and food remained resilient. Exclusive material for subscri…
ECB: Iran War Weighs on Eurozone Consumer Spending
Household spending across the eurozone dropped sharply during the initial weeks of the war with Iran as consumer confidence eroded, indicating that any further escalation of the conflict could once again cast a shadow over consumer spending, the European Central Bank (ECB) said in an article published Monday in its Economic Bulletin.
The Federal Reserve of Frankfurt — the European Central Bank — has changed the focus: the path of rate cuts is no longer dictated by prices, but by the uncertainty caused by the war with Iran. And that, in Spain, translates directly into the Euribor and the monthly letter of millions of mortgages. Quotas will not go down just because inflation refers; they will go down when geopolitics allow. Indignometer Level of impact for Spain: 9/10. The ECB…
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