The EU flag. File photoMOSCOW, June 10 Europe's economies are in 'trouble' in the coming months, the Old World needs to take urgent measures not to 'start' inflation, writes The Financial Times. «Eurozone will collide this year with a big threat of a recession, while the European Central Bank should stop providing monetary support to the eurozone economy and raise interest rates,” the article says. />The head of the World Bank admits a recession in the world economy because of UkraineThus, inflation in Europe in May increased to 8.1%, however, instead of saving, European countries plan to spend, for this they use the recovery fund in the amount of 800 billion euros, the newspaper indicates . At the same time, eurozone GDP grew only by 0.3% in the last quarter of 2021 and by 0.2% in the first quarter of 2022, which coincided with the Russian special operation in Ukraine. According to the Financial Times, in the following quarters due to the lifting of many coronavirus restrictions Demand is expected to pick up, but will be held back by pressure from day-to-day spending on consumer incomes due to higher energy prices. However, the «harsh truth» is that Europe needs to spend less on other things because it is a net importer of energy, and the increase in oil and gas prices has made everyone poorer. Now there are signs that rising prices for goods and services in Europe are on the rise and it is time to take urgent action to keep inflation from «setting on», the publication warns. , and interest rates will have to be raised, which will increase pressure on households and families. It will be difficult,» the Financial Times summarizes. for the demilitarization and denazification of Ukraine. The measures mainly affected the financial sector and the supply of high-tech products, but calls to reduce dependence on Russian energy resources have become louder in Europe. Read the full text of the article on the InoSMI website>>
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