Home Business news Europe at risk of recession amid concerns Russia could cut gas supplies

Europe at risk of recession amid concerns Russia could cut gas supplies

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Energy prices had already surged in second half of 2021 but Russia’s invasion of Ukraine has exacerbated this

Europe faces a rising risk of recession because of rising oil and gas prices amid concerns that Russia could turn off supplies completely, economists have said.

Europe’s economy will be hit by a variety of factors including falling demand in the US – its biggest export market – the continued fallout from Russia’s invasion of Ukraine and related increases in food and energy prices, according to Nomura, a Japanese investment bank with significant operations in London.

Continue reading…Energy prices had already surged in second half of 2021 but Russia’s invasion of Ukraine has exacerbated thisRussia-Ukraine war: live updatesEurope faces a rising risk of recession because of rising oil and gas prices amid concerns that Russia could turn off supplies completely, economists have said.Europe’s economy will be hit by a variety of factors including falling demand in the US – its biggest export market – the continued fallout from Russia’s invasion of Ukraine and related increases in food and energy prices, according to Nomura, a Japanese investment bank with significant operations in London. Continue reading…