(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%.

BING NEWS:
  • What are the sanctions on Russia and have they affected its economy?
    The US, UK and EU have announced new sanctions on Russia, two years after its invasion of Ukraine ... In 2022, the first year of the war, Russia's economy shrank by 2.1%, according to the ...
    02/23/2024 - 3:51 am | View Link
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