Europe fears stagflation and recession against the backdrop of a growing crisis. This was reported by Bloomberg.
The European Union is under economic pressure from all sides. At the same time, there are doubts that the EU central bank will be able to avoid a recession or stagflation, which everyone is so afraid of.
The author of the article argues that recession is a word that European central banks and politicians are trying to avoid. According to investors and CEOs, its threat is real, “especially in Europe.”
The publication emphasized that top managers and specialists of the largest financial companies warned about its danger in the eurozone. At the same time, the European Central Bank remains optimistic, thinking that they will be able to find a way out of stimulating the economy during the crisis. However, the agency noted that there are doubts that the ECB will be able to avoid a recession or stagflation.
The head of the Ministry of Finance of Ukraine, Serhiy Marchenko, previously called critical measures for the country’s economy. This was written by The Economist.