Omicron slows eurozone economic growth

With the start of the new wave of Covid 19, which has slowed the growth of the services sector in the Eurozone, the economic recovery of this region has started to slow down in December, and if the coronary restrictions caused by this The harder the new wave, the worse it can get.

As the Omicron Corona outbreak spread rapidly late last year, governments have taken tougher measures to curb the disease, especially in Germany, Europe’s largest economy.

This means that the composite purchasing managers’ index of the IHS Market Institute, which is a good measure of the overall health of the economy, fell from 55.4 in November to 53.3 in December, the lowest figure since March.

Restrictions on the corona have dampened service activity in Germany, and concerns about the Omicron strain have cast a shadow over the economic outlook in January.

The Purchasing Managers’ Index in the region hit 53.1 in November, the lowest level in eight months.

The European Central Bank (ECB) raised its inflation forecast last month and has now announced that inflation will reach 3.2 percent this year, well above the 2 percent target set for the region.

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