Eurozone PMIs Tumble to 16-Month Low as Prices Climb

The transcript discusses the economic slowdown, particularly in Germany, with S&P Global economists noting a loss of momentum post-pandemic. Inflation fears are acute in Europe, with BlackRock's Rupert Harrison predicting a recession. The European bond market is experiencing significant changes, with German and French bond yields dropping. The euro is also declining, reflecting economic weakness.

What are the implications of the data discussed for the likelihood of a recession in Europe?

What does the drop in the euro indicate about the economic situation?