The risk that the eurozone economy facing a recession has risen from 45% to 60%, reaching its highest level since November 2020. Germany is expected to be the first country to be affected by the economy, which fell into recession at the beginning of this quarter.
According to the experts, Eurozone inflation will average 8% in 2022, nearly four times higher than the European Central Bank's forecast. Inflation is expected to fall to 4% in 2023 and to 2% in 2024.
Damage to companies and households in the Eurozone is causing an increase in the cost of living and energy threats to Russia, according to Bloomberg. The situation is even worse, with Europe experiencing above-average temperatures this summer and low water levels on Europe’s rivers.
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