German expert： the aggressive interest rate hike in the United States has left Europe with a ＂weak euro＂ and a ＂high bill＂

　　Xinhua News Agency, Frankfurt, October 11th (Reporter Shan Weiyi) Klaus-Juergen Gunn, an expert from the Kiel Institute of World Economics, said in an interview with Xinhua News Agency a few days ago that the aggressive interest rate hike by the Federal Reserve has put pressure on the euro and other currencies, and the economic prospects of the euro zone are even more pessimistic, facing the dilemma of high costs and industrial transfer.

　　Gunn said that the Federal Reserve and the European Central Bank fought inflation by raising interest rates aggressively, butThe inhibitory effect is difficult to show in the short term, while the recession trend of the US and European economies is becoming more and more obvious.He predicted that from the fourth quarter of this year to the first quarter of next year, the development momentum of American consumption and labor market will obviously weaken, and the economic recession will follow. This will have a great impact on the world economy.

　　This is the euro sculpture and a fountain sculpture shot in Frankfurt, Germany on September 8. (Photo by Xinhua News Agency reporter Shan Yiyi)

　　At the same time, Gunn believes that tight energy supply and high prices are the main reasons for the recession of the euro zone economy, and the European Central Bank’s interest rate hike has tightened the financing environment, which has also cast a shadow over the economic prospects.

　　Gunn said that even if Russian natural gas continues to be transported to Europe and Europe successfully finds alternative energy sources, the euro zone will still be unable to avoid recession.More seriously, the energy crisis has made European industries face the dilemma of enterprise relocation or industrial transfer, and the United States is the main destination for enterprise migration.

　　This is the facilities related to the "Beixi -1" natural gas pipeline, which was filmed in Lubuming, Germany on September 14th. (Photo by Xinhua News Agency reporter Ren Pengfei)

　　Recently, Western media such as The Wall Street Journal and German Business Daily reported that,European industries are overwhelmed by energy prices, and the United States takes this opportunity to attract European energy-intensive industries to the United States with cheap energy and low tax rates.

　　Gunn said that the relatively cheap natural gas in the United States is attractive to energy-intensive industries in Europe, which leads enterprises to consider moving out or re-evaluating the location. At the same time, the shortage of skilled workers in Germany and other European industrial countries is difficult to solve, which is also an important factor affecting the investment decision of enterprises.

　　Gunn said,The dollar is the beneficiary of the Fed’s aggressive interest rate hike, which not only attracted European capital to the United States, but also left an "unwelcome weak euro",It also brings "high bills" to Europe through dollar-denominated raw materials and intermediate products..