Europe at risk of recession amid concerns Russia could cut gas supplies

  Energy prices had already surged in second half of 2021 but Russia’s invasion of Ukraine has exacerbated this * Russia-Ukraine war: live updates Europe faces a rising risk of recession because of rising oil and gas prices amid concerns that Russia could turn off supplies completely, economists have said. Europe’s economy will be hit by a variety of factors including falling demand in the US – its biggest export market – the continued fallout fromRussia’s invasion of Ukraine and relatedincreases in food and energy prices , according to Nomura, a Japanese investment bank with significant operations in London. Continue reading... ..

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