The European economic situation is grim, and the German economy is showing signs of weakness
Compared with the United States, the challenges facing the European economy are more severe. With weak economic growth, the ongoing conflict between Russia and Ukraine, and rising trade protectionism, the eurozone economy was once on the verge of stagflation.According to data from the European Statistical Office, the eurozone's harmonized CPI grew by 0.2% month-on-month in August, higher than 0 in July. The harmonized CPI in August grew by 2.2% year-on-year, lower than 2.6% in July. But after excluding food and energy, the core harmonized CPI in August grew by 2.8% year-on-year, lower than 2.9% in July, but at a relatively high level.Worse, as a sharp increase in workers' wages pushed up the inflation rate, the eurozone service industry inflation rate...