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始于2013年的欧元区经济复苏态势愈发显得疲软无力,三季度的经济数据纷纷回落,如果不能产生新的增长因素的话,欧元区经济复苏进程可能就此终结,重陷衰退。同时,CPI再创新低,通货紧缩近在咫尺。不断降低的通胀水平加大了欧洲央行货币宽松的压力,促使其重新开启资产购买计划,购买的范围除了ABS之外,也开始购买政府债券,一轮大规模QE已经难以避免。欧元区的处境和90年代的日本愈加相似。预计,欧元区将会陷入“日本式”通货紧缩,并经历一个漫长的衰退期。
The economic recovery in the euro zone that started in 2013 has become increasingly weak and sluggish. Economic data in the third quarter have been ebbed. If the new growth factor can not be generated, the process of economic recovery in the euro zone may end and collapse. At the same time, CPI hit another record low, deflation is close at hand. Declining inflation has intensified the ECB’s monetary easing pressure, prompting it to reopen the asset purchase program, the scope of the purchase of ABS in addition, they began to buy government bonds, a large-scale QE has been difficult to avoid. The situation in the euro zone is more similar to that of Japan in the 1990s. The euro zone is expected to fall into “Japanese-style” deflation and go through a long recession.