EuroZone ghi nh\u1eadn m\u1ee9c l\u1ea1m ph\u00e1t cao k\u1ef7 l\u1ee5c k\u1ec3 t\u1eeb n\u0103m 1997<\/figcaption><\/figure>\nTheo chuy\u00ean gia David, m\u1ed1i quan t\u00e2m chung l\u1edbn nh\u1ea5t c\u1ee7a c\u1ea3 th\u1ebf gi\u1edbi hi\u1ec7n t\u1ea1i l\u00e0 t\u00ecnh tr\u1ea1ng suy tho\u00e1i, b\u1edfi nh\u1eefng g\u00ec ch\u00fang ta th\u1ea5y \u0111ang di\u1ec5n ra qu\u00e1 nhi\u1ec1u v\u00e0 li\u00ean t\u1ee5c. Kho\u1ea3ng 1 tu\u1ea7n g\u1ea7n \u0111\u00e2y, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1eb7c bi\u1ec7t lo l\u1eafng v\u1ec1 h\u00e0ng lo\u1ea1t ch\u00ednh s\u00e1ch th\u1eaft ch\u1eb7t ch\u00ednh s\u00e1ch t\u00e0i ch\u00ednh \u1edf ph\u01b0\u01a1ng T\u00e2y, ch\u00ednh s\u00e1ch Zero-Covid c\u1ee7a Trung Qu\u1ed1c hay cu\u1ed9c chi\u1ebfn kh\u1ed1c li\u1ec7t \u0111ang di\u1ec5n ra gi\u1eefa Nga v\u00e0 Ukraine.<\/p>\n
Theo s\u1ed1 li\u1ec7u th\u1ed1ng k\u00ea, ch\u1ec9 s\u1ed1 S&P 500 c\u1ee7a Ch\u00e2u M\u1ef9 \u0111\u00e3 \u0111\u00f3ng c\u1eeda v\u1edbi m\u1ee9c gi\u1ea3m 5,8% trong tu\u1ea7n, ch\u1ec9 s\u1ed1 STOXX 600 c\u1ee7a Ch\u00e2u \u00c2u gi\u1ea3m \u0111\u1ebfn 4,6% v\u00e0 ch\u1ea1m m\u1ee9c th\u1ea5p nh\u1ea5t trong n\u0103m. C\u00f9ng v\u1edbi \u0111\u00f3, ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n ch\u00e2u \u00c1 \u2013 Th\u00e1i B\u00ecnh D\u01b0\u01a1ng MSCI c\u1ee7a Nh\u1eadt B\u1ea3n c\u0169ng gi\u1ea3m h\u01a1n 5%. \u0110i\u1ec1u \u0111\u00e1ng n\u00f3i, t\u00ecnh tr\u1ea1ng n\u00e0y x\u1ea3y ra ngay sau khi c\u00e1c ng\u00e2n h\u00e0ng l\u1edbn tr\u00ean th\u1ebf gi\u1edbi m\u00f4 t\u1ea3 s\u1ef1 suy tho\u00e1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng 6 th\u00e1ng \u0111\u1ea7u n\u0103m ch\u1ec9 l\u00e0 \u201cm\u1ed9t \u0111i\u1ec1u ch\u1ec9nh nh\u1ecf\u201d. Tuy nhi\u00ean gi\u1edd \u0111\u00e2y, m\u1ecdi ng\u01b0\u1eddi d\u01b0\u1eddng nh\u01b0 \u0111\u1ec1u \u0111ang \u201cganh \u0111ua nhau \u0111\u1ec3 nh\u1eadn \u0111\u01b0\u1ee3c \u0111i\u1ec1u nh\u1ecf b\u00e9 \u1ea5y v\u00e0 c\u00f9ng n\u00f3i v\u1ec1 nh\u1eefng \u0111i\u1ec1u kh\u1ee7ng khi\u1ebfp nh\u1ea5t \u1edf th\u1eddi \u0111i\u1ec1m hi\u1ec7n t\u1ea1i\u201d.<\/p>\n
\u00d4ng David n\u00f3i th\u00eam: \u201cT\u00f4i ngh\u0129 \u0111\u00e2y l\u00e0 th\u1eddi \u0111i\u1ec3m \u0111\u1ec3 nh\u1eadn ra r\u1eb1ng m\u1ecdi th\u1ee9 c\u00f3 th\u1ec3 thay \u0111\u1ed5i v\u00e0 c\u00f3 nh\u1eefng ch\u00ednh s\u00e1ch ng\u1ea7m v\u00e0o l\u00fac n\u00e0y c\u00f3 th\u1ec3 gi\u00fap ch\u00fang ta tho\u00e1t \u0111\u01b0\u1ee3c t\u00ecnh tr\u1ea1ng suy tho\u00e1i \u1edf nh\u1eefng n\u01a1i t\u01b0\u01a1ng t\u1ef1 nh\u01b0 M\u1ef9.<\/p>\n
Xoay quanh t\u00ecnh h\u00ecnh suy tho\u00e1i kinh t\u1ebf to\u00e0n c\u1ea7u, th\u1eddi gian g\u1ea7n \u0111\u00e2y c\u0169ng \u0111\u00e3 xu\u1ea5t hi\u1ec7n nhi\u1ec1u \u00fd ki\u1ebfn c\u1ee7a c\u00e1c chuy\u00ean gia ph\u00e2n t\u00edch theo nh\u1eefng chi\u1ec1u h\u01b0\u1edbng kh\u00e1c nhau.<\/p>\n
\u0110\u01a1n c\u1eed nh\u01b0 \u00f4ng Axel Van Trotsenburg, T\u1ed5ng Gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh World Bank cho r\u1eb1ng, n\u1ec1n kinh t\u1ebf to\u00e0n c\u1ea7u c\u00f3 th\u1ec3 tr\u1ea3i qua giai \u0111o\u1ea1n gi\u1ea3m t\u1ed1c m\u1ea1nh nh\u1ea5t, sau s\u1ef1 ph\u1ee5c h\u1ed3i ban \u0111\u1ea7u kh\u1ecfi suy tho\u00e1i to\u00e0n c\u1ea7u trong h\u01a1n 80 n\u0103m qua. S\u1ef1 s\u1ee5t gi\u1ea3m tr\u00ean di\u1ec5n ra khi t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf to\u00e0n c\u1ea7u ph\u1ee5c h\u1ed3i l\u00ean m\u1ee9c 5,7% trong n\u0103m 2021 sau suy tho\u00e1i do \u0111\u1ea1i d\u1ecbch COVID-19 g\u00e2y ra.<\/p>\n
\u00d4ng Axel nh\u1eadn \u0111\u1ecbnh, cu\u1ed9c xung \u0111\u1ed9t gi\u1eefa Nga v\u00e0 Ukraine \u0111\u00e3 \u0111\u1ea9y gi\u00e1 c\u00e1c m\u1eb7t h\u00e0ng nh\u01b0 d\u1ea7u kh\u00ed v\u00e0 ng\u0169 c\u1ed1c t\u0103ng v\u1ecdt. Qua \u0111\u00f3 cho th\u1ea5y kinh t\u1ebf to\u00e0n c\u1ea7u c\u00f3 th\u1ec3 b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n t\u0103ng tr\u01b0\u1edfng y\u1ebfu k\u00e9m k\u00e9o d\u00e0i v\u00e0 l\u1ea1m ph\u00e1t gia t\u0103ng. \u0110i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 l\u00e0m t\u0103ng nguy c\u01a1 l\u1ea1m ph\u00e1t \u0111\u00ecnh tr\u1ec7, c\u00f9ng nh\u1eefng h\u1eadu qu\u1ea3 \u0111\u1ed1i v\u1edbi c\u00e1c n\u1ec1n kinh t\u1ebf c\u00f3 m\u1ee9c thu nh\u1eadp trung b\u00ecnh v\u00e0 th\u1ea5p.<\/p>\n