Europe's Economy Slows Sharply as Recession Risks Grow

Source: The Wall Street Journal.

ECONOMY

Europe’s Economy Slows Sharply as Recession Risks Grow

Business surveys point to decline in eurozone manufacturing output and weaker services growth as price rises hit households

By Paul Hannon
https://twitter.com/PaulHannon29
paul.hannon@wsj.com
Updated June 23, 2022 8:05 am ET

Europe’s economy slowed sharply in June as surging prices of energy and food weakened demand for other goods and services, business surveys showed, increasing the risk that some countries will slide into recession over coming months.

The new data underlines how dark the outlook for Europe’s economy has become as Russia’s war in Ukraine drags on, with high inflation spreading across the board, the prospect of rising interest rates and a possible energy shortage this winter, not to mention persistent supply-chain bottlenecks across sectors.

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Read more: https://www.wsj.com/articles/europes-economy-slows-sharply-as-recession-risks-grow-11655979342

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Europe’s economy slowed sharply in June as surging prices of energy and food weakened demand for other goods and services, business surveys showed

wsj.com
Europe’s Economy Slows Sharply as Recession Risks Grow
The region's economy suffered in June as surging prices of energy and food weakened demand for other goods and services, business surveys showed.

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