The conditions for the European economy could hardly be better: The price of oil is low, the euro exchange rate low , and interest rates are at zero. Nevertheless, the European Commission fears a headwind that blows also from the East. Namely from China.
The “weaker global environment” mountains risks for the European economy, said EU Monetary Affairs Commissioner Pierre Moscovici also overlooks the recent turmoil in China. The economy there is no longer growing as weak as for a quarter century.
China’s economic forecasts are currently most in focus. Fears of a further cooling had recently shaken the equity markets. Germany in particular would be an exporting nation affected than by a crash of the Chinese economy.
China is not however the only risk. In many emerging markets, growth slowed, the European Commission reported. In addition, geopolitical tensions could burden the economy. “The risks have become considerably greater,” EU Monetary Affairs Commissioner Moscovici summarizes. He called for “double” vigilance.
Moscovici Note can be understood as a sideswipe
Against this background, the Commission urges, Europe should not by reforms differ. “Right now we need to continue structural reforms in order to help our economies to growth so that they can withstand these shocks and in the future better employment opportunities for our people exist,” said EU Commission Vice President Valdis Dombrovskis.
the French Monetary Affairs Commissioner Moscovici puts it: the countries that have the financial leeway for investments, such as Germany should invest in order to stimulate the economy in Europe. Other should make them more resistant to structural reforms and sound public finance.
Moscovici regard to the necessary investment can be seen as a swipe at Germany. Berlin is regularly criticized for the huge trade surpluses, the expense of other EU countries went. Germany defends itself against it on the grounds that one should not punish because of its high competitiveness country.
At the criticism is likely to change little. The outlook for the German economy, the European Commission revised slightly downwards. The Authority only expected growth of 1.8 percent this year and next – even in November of 1.9 percent had been mentioned.
expenditure on refugees support growth
the Commission is in a good mood for the entire European Union. The outlook for economic growth remains unchanged at 1.9 percent this year and two percent next year. In the euro zone 1.7 percent and 1.9 percent growth in this country.
There are numbers that should of course also depend on how the European Union gets the current crises in the handle. A forecast of the effect would have about a possible exit of the British from the European Union, is not found in the winter forecast.
The Commission defends itself. “This is not included in the forecasts, because in our minds is not,” said Moscovici. “We are not talking about the Proposed referendum on United Kingdom membership of the European Union, because we all struggle to avoid the risks.”
Positive effects on the economy in Europe should meanwhile be expected by the spending on refugees, Moscovici said. “Economically you can clearly say. These expenditures support growth”
Readers are hidden.
// The following are highly recommended additional parameters. var disqus_identifier = 151858785; // article id where comments used var disqus_url=’http://www.welt.de/wirtschaft/article151858785/EU-Kommission-fuerchtet-den-China-Crash.html’;//article URL where comments Used Function disqusAd (e) {var s2 = document (“iframe”); s2.src = “http://appc.welt.de/static/welt/2012/pa-anzeigen/anzeige.html”; s2.width = 620; s2.height = 100; s2.style.overflow = ‘hidden’; s2.scrolling = “no”; s2.style.border = “none”; $ (E) .parent () append (s2). s2.scrolling = “no”; } Var dsqcounter = 1; / * * DO NOT EDIT BELOW THIS LINE * * * / $ (document) .ready (function () {(function () {var disqusSsoEnabled = false;! Var experimental mode = $ .cookie ( ‘BIGP_EXPERIMENTAL’); if (experimental mode) {disqusSsoEnabled = true;} if (disqusSsoEnabled) {window.disqusid = $ .cookie ( ‘disqusid’); window.disqus_config = function () {this.sso = {name: “Login” button: “http : //img.welt.de/skins/welt/gfx/disqus_login.png “, url:” https://ssl.welt.de/user-web/disqus/login.jsp “logout:” https: / /ssl.welt.de/user-web/disqus/logout.jsp “width” 500 “height:” 500 “}; if (window.disqusid) {window.disqusid = window.disqusid.replace (new RegExp ( “. “, “g”), ‘=’); window.disqusid = window.disqusid.replace (new RegExp ( “_”, “g”), ”); this.page.remote_auth_s3 = window. disqusid; this.page.api_key = ’8JmKKMV2FgF5OgVCye4P0v3Q9aJK8eQOZ6VtqjfLaMgTzrNy465erNMGjGFhbW2X’; }}; }} ()); (Function () {var = document.createElement dsq ( ‘script’); dsq.type = ‘text / javascript’; dsq.async = true; dsq.src = ‘http: //’ + disqus_shortname + ‘.disqus. com / embed.js’; if ($ .cookie ( ‘ASsocialOptout’)! = ‘true’) {(document.getElementsByTagName ( ‘head’) [0] || document.getElementsByTagName ( ‘body’) [0]) .appendChild (dsq);} else {$ ( ‘.disqus .optoutSocMed’) html (optoutHTML) .show ();.}}) (); var = {wDisqusCfg disqussion: true}; asms.extend (asms.config, “wDisqus” wDisqusCfg); asms.general.ece.widgets.disqus.init (asms.config.wDisqus); });
comments powered by
No comments:
Post a Comment