Europe: ever rising inflation and recession
5 Sep 2022
In economic terms, the main loser of the war in Ukraine is, and will obviously continue to be, the European continent (eurozone, UK, central Europe, Russia, etc.). To give an idea of the scale of the issue, the eurozone’s energy bill has surged from around EUR200bn (1.6% of GDP) at the end of 2021 to almost EUR800bn in Q2 2022 (6.4% of GDP). At the current...