EU Economy Awaits Recession While Russia Gets Out of It | Moscow
Europe’s economy is headed for a recession in the next three years
MOSCOW, October 13, FederalPress. The International Monetary Fund and the World Bank have published forecasts of a large-scale recession in Europe’s economies. From 2023 to 2026 Germany’s global economy could lose $4 trillion, equal to GDP accumulation.
“Europe has faced massive inflation in five months,” readovka telegram channel writes.
At the moment, in four European countries at once – in Estonia, Lithuania and Latvia, inflation has exceeded 20%. In Poland, the Netherlands and the Czech Republic, the level has already exceeded 15%, and in the near future the level will become even higher.
One of the main factors that have a negative impact on the European share is the high value of gold and foreign exchange reserves for natural natural currency. In addition, the loss of inexpensive energy resources, which, due to the impact on Russia of a significant rise in prices, will inevitably occur in the future due to reduced productivity. Economists predict the closure of most of the manufacturing plants in Europe.
But the pessimistic forecasts of a reduction in Russia’s GDP by 8.5% have not been confirmed. The IMF predicts that Russian GDP will decline by 3.4%. This was made possible by the use of industrial technology and the reorientation of energy demand in Asia.
Earlier, FederalPress wrote that Medvedev would force the West to capitulate in the economic battle.
Photo: Philipp von Dietfurth / dpa / globallookpress.com