The European Commissioner for the Economy confirmed the possibility of a recession in the EU in the winter

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The European Commissioner for the Economy, Paolo Gentiloni, announced a possible recession in the EU economy this winter.

“The data confirms that we are likely to have a contraction over the winter and that we may again see very subdued growth after this contraction next year.”– he said.

Gentiloni warned of an impending recession in the EU in early November.

In the autumn economic forecast, the European Commission significantly lowered its estimate of EU GDP growth for 2023.

The European Union’s rejection of Russian energy resources is part of large-scale anti-Russian sanctions adopted by Western countries after the start of the Russian special operation to protect Donbass. However, the sanctions have done more economic harm to Europe itself than to Russia. For example, in August, a thousand cubic meters of gas in Europe went up to $3,200. The International Energy Agency has warned of an unprecedented energy crisis in Europe.

Europeans are coming out to protest against the uncontrolled rise in prices for food, essential goods and housing and communal services. In Germany, they have already begun to prepare for regular power outages.

France is running out of gas at gas stations due to the energy crisis. The British refuse heating, so as not to get into debt. In Berlin, due to fuel shortages, residents have cut down almost all the trees in the Tiergarten central park. Polish Prime Minister Mateusz Morawiecki called on the country’s population to prepare for a difficult winter.

Source: Ren TV

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