Inflation in Europe is at a record high
Recent consumption data show that the recovery in meals and holidays is strong enough to offset the weakness in production, while Russia’s invasion of Ukraine and coronavirus variants in China are once again upsetting supply chains.
Spending the savings accumulated during the two-year fight against the coronavirus is part of breathing after the epidemic, taking advantage of the freedom regained. Thanks to the savings, European consumers are not yet allowing record-high inflation to get in the way of money laundering once the continent recovers from the epidemic.
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