Euro zone recession risks grow as interest rate hikes bite: PMI

The euro zone economy is likely contract this quarter and won’t return to growth anytime soon, a survey showed, as the dampening effect of central banks’ long campaign of interest rates rises becomes clearer. HCOB’s flash euro zone Composite Purchasing Managers’ Index (PMI), compiled by S&P Global…#hcob #pmi #christophweil #commerzbank #ecb #bankofengland #andrewbailey #spain #europeancentralbank #bertcolijn
Source: Reuters: Health - Category: Consumer Health News Source Type: news