Comment on Russia’s War in Ukraine Expected to Hit E.U. Economy, Push Up Inflation

Russia’s War in Ukraine Expected to Hit E.U. Economy, Push Up Inflation

(BRUSSELS) — Russia’s war in Ukraine is expected to wreak havoc with the European Union’s economic recovery for the foreseeable future with lower annual growth and record-high inflation, the bloc’s economic forecast showed Thursday. The summer figures for the 19-nation eurozone set inflation to reach an average of 7.6% this year, a major increase from its earlier expectation of 6.1%.

 

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