Euro’s fall below dollar parity brings little cheer to business ...Qatar

Gulf Times - News

Euro-area businesses spent years wishing for a weaker euro. Now it’s here and it couldn’t have come at a worse time. The currency has slid more than 12% against the dollar this year, taking it below parity for the first time in two decades. That decline is boosting import costs, compounding a damaging surge in energy prices and a record inflation spike ripping through the economy. All that is bad news for margins, and German businesses on Tuesday warned they are still facing “strong costs pressures.” In addition, consumer inflation in the eurozone is already close to 9%, keeping a lid on demand, which will also weigh on sales and profits. Whatever positives come from the currency’s deprecia

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Last updated : 24 August 2022 clock 09:44 PM

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Euro’s fall below dollar parity brings little cheer to business ...Qatar

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