2021-12-02-牛津经济研究院-Eurozone_weekly_economic_briefing_Covid_concerns_dominate_the_outlook_once_again_5页_278kb

Weekly Economic Briefing Summary: Eurozone (3 Dec 2021)

• Covid-19 Dominance: Rising infection rates across Europe, exacerbated by the Omicron variant, lead to new restrictions, expected to significantly worsen Eurozone economic growth in December. Monthly indicators show robust expansion, but activity is projected to decline due to pandemic impacts.
• Inflation: Eurozone inflation peaked at 4.9% in November, with energy costs being a major driver; core inflation also rose strongly, risking further increases if supply chain disruptions persist.
• Economic Outlook: Near-term outlook is clouded by health risks and government measures, including closures and vaccination requirements. Key growth drivers in Q3 included consumer spending, with limited input from trade and investment.
• Upcoming Events: Data releases for the week include industrial output, retail sales, and sentiment indices from Germany, France, and the Eurozone, which may show divergence from expected trends.

Note: For detailed forecasts and country-specific analysis, refer to the full report.