The European Union is under economic pressure and there are fears that the European Central Bank will not be able to avoid a recession or stagflation, the agency reported. Bloomberg.
“Recession is a word that central banks and political leaders try to avoid. According to investors and company executives, the danger of a recession is real, especially in Europe.
According to the agency, top managers and experts of major financial institutions such as JPMorgan Chase, HSBC, Goldman Sachs have warned of the threat of a recession in the eurozone, which has arisen against the background of persistent high inflation, the Ukrainian crisis and the European Union. associated energy crisis.
Bloomberg added that factories in Europe are showing signs of distress due to record price increases and shrinking demand exacerbated by tight lockdowns in China. Europe is forcing investors to watch to see if they’re pushing a fragile economy into recession.
Previously reportedHe said that the increase in the prices of all kinds of products and goods in Denmark broke a record 40 years ago.
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.