Submitted by christian on Wed, 07/20/2022 - 10:50
- Higher energy prices and trade disruptions could destabilise EU firms already weakened by the pandemic.
- Rising inflation could push more Europeans under the poverty line. Households will be hit differently across and within countries?
- Real economic growth in the European Union is now expected to fall below 3% in 2022, down from the 4% estimated by the European Commission before the war. A recession could happen, and further trade disruptions or increased economic sanctions would increase the risk for the European economy.
