Bloomberg: EU politicians fear recession and stagflation amid developing crisis

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.



Source: Gazeta

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

More from author

See LIVE ONLINE Everton – San Felipe for the Copa Chile 2023: when is it, where, what time and how to watch it online...

Ruleteros and Aconcagüinos define the qualifier for the regional semifinals of the traditional tournament in Sausalito.The Sausalito Stadium will be responsible for hosting the...

Comment by Dmitriev: Khachanov played great tennis with Djokovic 05:50

Expert and commentator Anna Dmitrieva has commented on the departure of Russian tennis player Karen Khachanov from the French Open (Roland Garros) after losing...

Prices for Chinese cars are expected to drop in Russia 05:50

Yang Haytseer, vice president of the National Automobile Association, believes that the prices of Chinese cars in Russia could fall. He shared his...

Information about the reflection of the DRG of the Ukrainian Armed Forces in the direction of Kupyansk 05:40

The head of the press center of the Western group, Serhiy Zybinsky, said that Russian troops liquidated three sabotage and reconnaissance groups (DRG) of...