London analysts: the chance of a European recession this year is 40 percent due to the risk of the Russian gas stop

By: Trademagazin editor Date: 2022. 07. 04. 11:12

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According to the estimate presented by macroeconomic analysts in London on Monday, due to the growing risk of the stoppage of Russian natural gas deliveries, there is now a 40 percent chance that the European economy will go into recession this year.

London analysts give a 40 percent chance of a European recession

According to a study by the Center for Economics and Business Research (CEBR), a prestigious London-based economic analysis workshop, since the beginning of the war launched by Russia against Ukraine, the threat that Russian President Vladimir Putin can use energy exports as a weapon against Western countries supporting the Ukrainian resistance has been clearly perceived. (Kertész Róbert, MTI)