Europe avoids saying the word “recession”
Europe faces the threat of recession, but local central bankers and
politicians are trying not to say the word, writes
Bloomberg. Meanwhile, in the international community, there are
doubts that it or stagflation will bypass the region
Side, reports news agency "Prime" with reference to RIA "Novosti".
According to businessmen and investors, recession is a very
a very real scenario, especially for European countries. About her
previously warned leading banks - Goldman Sachs, JP Morgan,
HSBC, Bloomberg recalls, but now the risk of its occurrence
is now in the spotlight against the background of the difficulties encountered by the
the world economy and the European economy in particular. These are
continued rise in inflation, the Ukrainian conflict and the effects of
sanctions against Russia, including the aggravation of the energy
energy crisis. Bloomberg notes that those countries that have imposed restrictions
against Russia are doing damage to themselves. Meanwhile, European
businesses are in distress because of unprecedented price increases and falling demand due to the
due to a lockdown in China.