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EU Gas Price Rockets Higher After Russia Halts Nord Stream Flows
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The eurozone is almost certainly entering a recession, with reports showing a deepening cost of living crisis and a gloomy outlook that keeps consumers wary of spending.
While there is some easing of price pressures, the European Central Bank is under pressure as inflation is running at more than four times its 2% target, reaching a record 9.1% last month as it faces the prospect of raising interest rates aggressively just as the economy enters a downturn.
Meanwhile, the region Purchasing Managers' Index seen as a guide to economic health, fell to an 18-month low of 48.9 in August from July's 49.9, below a preliminary 49.2 estimate
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While there is some easing of price pressures, the European Central Bank is under pressure as inflation is running at more than four times its 2% target, reaching a record 9.1% last month as it faces the prospect of raising interest rates aggressively just as the economy enters a downturn.
Meanwhile, the region Purchasing Managers' Index seen as a guide to economic health, fell to an 18-month low of 48.9 in August from July's 49.9, below a preliminary 49.2 estimate
#gasprice #gaspricerocketshigher #businessnews #economy #IfeanyiOkowa #apc #apcpresidentalprimaries #2023presidency #2023Elections #DeborahEmmanuel #NnamdiKanu #IPOB #2023Presidency #Russia #Ukraine #UkraineCrisis #RussiaInvadesUkraine #TVCNews #TVC #News #NaijaNews #NaijaGist #Entertainment #NewsUpdate #BreakingNews #NewsInNigeria #NewsInNigeria #YouTube #Video #TodaysNews #TodaysVideo #NigeriaNews #TrendingGists #YouTube #TrendingVideo #abbakiyari #abbakiyaricase #PresidentBiden #VladmirPutin #TVCNews #NewsUpdate #BabjideKoladeOtitoju #2023Presidency #2023Elections #APC #JournalistsHangout #TVCNews #NewsUpdate #businessnews #onlinenews #latestnews #todaynews #2023election #election #2023presidency #latestnews #onlinenews #todaynews #9janews #NewsUpdate #onlinenews #todaynews #9janews #latestnews #2023Presidency #NewsUpdate #IssuesWithJide #Buhari #YouTube #Video #DailyNews #BreakingNews #IPOB #Biafra #Tinubu #NnamdiKanu #FemiFalana #NigeriaNews #2023Election #TrendingNews #9jaNews #PDP #APC #DailyNews #NewsToday #9jaNews #politicstoday #Otitoju #BabajideOtitoju #JournalistHangout #BukolaSaraki #Otitoju #GovernorSanwoOlu #NewsNigeria #TrendingVideo #AsiwajuBolaAhmedTinubu #BolaTinubu #BolaAhmedTinubu
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