The Euro zone headed for a deep recession along with US economy – the financial meltdown accelerates all over the world
Joe Weinman
Sep. 22, 2007

The Euro zone comprising the thirteen European economies has started manifesting extreme weakness in economic indicators. The unexpectedly steep fall on Friday in the Euro zone purchasing managers’ index – the third consecutive monthly drop is raising massive concerns in the internal quarters of the European Central Bank (ECB).

The ECB is now in a massive panic mode. The European Central Bank just does not know what to do. The US economy is moving slowly towards recession. The Euro zone is in a rapid movement towards the state of deep recession.

The financial markets have started speculating that the next ECB interest rate move will be downwards. The recent explosive rally in gold also points to a weaker economy leading to depressed worldwide interest rates.

It seems what happened to Japan in the last twenty years is now going to happen to the rest of the world in the next twenty years.

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The Euro zone headed for a deep recession along with US economy – the financial meltdown accelerates all over the world
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The unexpectedly steep fall on Friday in the Euro zone purchasing managers’ index – the third consecutive monthly drop is raising massive concerns in the internal quarters of the European Central Bank (ECB).
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