Russia’s invasion of Ukraine is generating fresh headwinds that will choke the European economy, reveal official forecasts published today. Surging energy prices caused by concerns over supply security following Moscow sending troops into Ukraine are set to strain households and businesses on the Continent.
High input prices are likely to weigh on production, while elevated living costs will push spending lower than first expected. Weaker projected activity levels led the European Commission today to downgrade its forecasts for growth in…Europe’s Economic Outlook Is Looking Bleaker By The Day
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