Bloomberg: Shockwaves Spread as Europe’s Economy Reels at Energy Fallout
Two weeks since Russia began Europe’s biggest conflict since World War II, businesses across the continent are already in varying stages of despair at the consequences on livelihoods.
A crisis of human suffering in Ukraine, whose wider economic impact prompted European Central Bank officials to quicken their withdrawal from stimulus this week, is affecting prosperity from the farmlands of Spain to the euro zone’s manufacturing core in Germany and France.
Surging energy costs are the central complaint, though disrupted supply chains, sanctions and worries about a looming demand drop are also weighing on enterprises. The abrupt shock of war nearby, combined with broad effects and an uncertain duration, will pile pressure on governments to cushion the blow as well as testing their resolve to confront Russia.
Read more ....
Update: How Russia's war could knock out Europe's economy (CNN)
WNU Editor: Goldman Sach's assessments are grim .... Goldman Sachs predicts what will happen to Europe’s economy if Putin shuts off the gas taps (CNBC).
from War News Updates https://ift.tt/zSZJU1o
via IFTTT
Comments
Post a Comment