“The risk of recession is increasing” in the EU, warns the Commissioner for the Economy
[ad_1]
Paolo Gentiloni predicts a difficult winter for all European countries as the economic climate deteriorates and the war in Ukraine continues.
“The risk of recession increasesin the EU, due in particular to soaring energy prices against a backdrop of war in Ukraine, European Commissioner for the Economy Paolo Gentiloni said on Wednesday.
“We may well be heading for one of the toughest winters in generations“, he warned, in a speech in Brussels. “A number of warning signs are flashing red: energy prices have broken new records, inflation has continued to climb, the economic climate is deteriorating. And the Russian war continues“, he said.
[ad_2]
Source link
