{"id":690759,"date":"2026-05-04T16:26:03","date_gmt":"2026-05-04T16:26:03","guid":{"rendered":"https:\/\/microscopemedia.com\/?p=690759"},"modified":"2026-05-04T16:26:03","modified_gmt":"2026-05-04T16:26:03","slug":"sondaj-bce-firmele-din-zona-euro-asteapta-o-noua-crestere-a-inflatiei-daca-razboiul-continua","status":"publish","type":"post","link":"https:\/\/microscopemedia.com\/?p=690759","title":{"rendered":"Sondaj BCE: Firmele din zona euro a\u0219teapt\u0103 o nou\u0103 cre\u0219tere a infla\u021biei, dac\u0103 r\u0103zboiul continu\u0103"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/microscopemedia.com\/wp-content\/uploads\/2026\/05\/sondaj-bce-firmele-din-zona-euro-asteapta-o-noua-crestere-a-inflatiei-daca-razboiul-continua.webp\" class=\"ff-og-image-inserted\"><\/div>\n<div data-testid=\"paragraph-1\" readability=\"33\">\n<p><span dir=\"auto\">Sondajul trimestrial al BCE asupra marilor companii a constatat c\u0103 cele care opereaz\u0103 \u00een industria transportului aerian, logisticii, substan\u021belor chimice, materialelor plastice \u0219i ambalajelor \u00ee\u0219i majoraser\u0103 deja pre\u021burile, adesea cu procente de dou\u0103 cifre, sau anun\u021baser\u0103 major\u0103ri, reflect\u00e2nd o cre\u0219tere brusc\u0103 a pre\u021burilor petrolului de la \u00eenceputul conflictului.<\/span><\/p>\n<p><span dir=\"auto\">\u00cens\u0103 o cre\u0219tere mai ampl\u0103 c\u0103tre alte pre\u021buri, care este mai relevant\u0103 pentru politica BCE, era probabil s\u0103 fie mai gradual\u0103 dec\u00e2t \u00een \u200b\u200bmomentul invaziei Rusiei \u00een Ucraina \u00een 2022, deoarece marile companii se protejaser\u0103 \u00eempotriva fluctua\u021biilor pre\u021burilor la energie.<\/span><\/p>\n<p><span dir=\"auto\">\u201eAceast\u0103 acoperire a riscurilor ar trebui s\u0103 limiteze oarecum impactul pe termen scurt, deoarece transmiterea pre\u021burilor mai mari la energie pentru aceste firme a fost mai pu\u021bin direct\u0103, venind \u00een principal sau doar prin intermediul unor furnizori mai mici, neacoperi\u021bi a riscurilor, care caut\u0103 pre\u021buri mai mari la inputuri\u201d, a declarat BCE.<\/span><\/p>\n<\/div>\n<div data-testid=\"paragraph-4\" readability=\"31\">\n<p><span dir=\"auto\">Dac\u0103 r\u0103zboiul \u0219i perturb\u0103rile asociate cu Str\u00e2mtoarea Ormuz nu ar fi rezolvate \u00een cur\u00e2nd, companiile ar fi v\u0103zut riscul unei noi <\/span><span dir=\"auto\">explozii infla\u021bioniste similare cu cea observat\u0103 \u00een 2022-2023, a declarat BCE.<\/span><\/p>\n<p><span dir=\"auto\">\u201eUn conflict care dureaz\u0103 luni de zile, \u00een loc de s\u0103pt\u0103m\u00e2ni \u2013 \u00een care Str\u00e2mtoarea Hormuz r\u0103m\u00e2ne blocat\u0103 \u0219i\/sau ar urma noi atacuri asupra infrastructurii de petrol \u0219i gaze \u2013 ar duce la o penurie global\u0103 nu doar de combustibil, ci \u0219i de multe produse care necesit\u0103 derivate din petrol pentru fabricarea lor\u201d, a declarat BCE, cit\u00e2nd hidrogenul \u0219i heliul.<\/span><\/p>\n<p><span dir=\"auto\">Ca factori atenuan\u021bi \u00een compara\u021bie cu perioada post-pandemic\u0103, BCE a invocat cererea global\u0103 slab\u0103, \u00een special din partea Chinei, absen\u021ba unei cre\u0219teri a\u0219teptate a serviciilor \u0219i un nivel mai sc\u0103zut de stimulare economic\u0103 din partea cheltuielilor fiscale.<\/span><\/p>\n<p><span dir=\"auto\">BCE a intervievat 67 de companii din afara sectorului financiar, \u00een principal \u00eentre 23 martie \u0219i 1 aprilie.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sondajul trimestrial al BCE asupra marilor companii a constatat c\u0103 cele care opereaz\u0103 \u00een industria transportului aerian, logisticii, substan\u021belor chimice, materialelor plastice \u0219i ambalajelor \u00ee\u0219i majoraser\u0103 deja pre\u021burile, adesea cu &hellip; 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