When oil prices move, Europe is the first to "catch a cold"

The latest research report points out that Europe's sensitivity to oil prices is much higher than that of the United States.
When oil prices rise by 10%, Europe's inflation roughly increases by 40 basis points, and economic growth is suppressed by more than 10 basis points, which is about twice that of the United States.
The reason is also straightforward:
Europe's energy consumption share is higher, and it is itself a net importer of oil.
This means that every fluctuation in energy prices will be amplified and transmitted to the economy and markets.
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