The Guardian: Russian war slowing growth and hiking inflation, European Commission warns
Body revises economic forecast and says outlook for EU and eurozone heavily dependent on course of war
Europe’s economy faces the twin blows of slower growth and higher inflation as it struggles to deal with the fallout from Russia’s invasion of Ukraine, the European Commission has warned.
In its summer forecast, the governing body in Brussels said the “protracted war” was sending shockwaves through the eurozone and the wider EU, leading to a marked slowdown in activity next year.
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WNU Editor: IMHO I see this as an optimistic prediction.
EU Now Expects Record Inflation And A Decrease In Economic Growth For 2022 And 2023
EU hikes inflation forecast to 8.3% for 2022 as Russia-Ukraine war drives soaring prices -- CNBC
Commission cuts euro area growth, revises inflation up -- Politico
EU expects Russia's invasion of Ukraine to push inflation to record high -- DW
EU cuts euro zone growth forecasts, revises up inflation outlook -- Reuters
Europe’s Price Shock Will Last Longer With Less Growth, EU Says -- Bloomberg
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