欧元区经济迎健康检查！GDP与通胀数据发布在即 复苏之路仍显坎坷

Core Viewpoint - The upcoming economic data releases in Europe, including GDP and inflation figures, are crucial for assessing the impact of U.S. tariffs on economic growth and inflation, with expectations of minimal growth in the Eurozone [1][4]. Economic Indicators - The Eurozone's Q3 GDP is expected to show a slight growth of 0.1%, with significant economic reports from major economies providing further insights [1]. - October inflation data is anticipated to decrease from 2.2% in September to 2.1%, indicating a potential easing of price pressures [4]. - A bank lending survey will be released, which will help evaluate the transmission of monetary policy to the real economy [4]. Economic Activity and Consumer Confidence - Recent corporate surveys indicate a potential recovery in the Eurozone economy, driven primarily by Germany's infrastructure and defense spending [6]. - Despite a strong labor market, consumer confidence remains low, raising concerns about the sustainability of private consumption recovery [4][6]. - The economic outlook for Germany is cautious, with warnings of potential stagnation and the risk of recession if negative growth persists [6][7]. Inflation Trends - The expected slowdown in inflation supports the European Central Bank's assertion that price growth is currently near target levels, with indications that inflation may remain below target in the coming months [9]. - There is a prevailing market sentiment that inflation risks are skewed to the downside, with potential implications for future interest rate discussions [9].