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.