Flags of the European Union. Archival photo MOSCOW, May 15. The EU has come under economic pressure from all sides, while there are doubts that the European Central Bank will manage to avoid a recession, or stagflation, «which all so afraid,» says the story by Bloomberg. «The recession — a word that is trying to avoid the central banks and political leaders said investors and corporate executives, the risk of recession is real, especially in Europe.», — stated in the material 
The European Union was predicted stagflation due to the crisis in UkraineAs the agency reminds, top managers and experts of the largest financial organizations, such as JPMorgan Chase, HSBC, Goldman Sachs, warned about the threat of a recession in the eurozone. before the eurozone economy: continued high inflation, the ongoing crisis in Ukraine and the associated worsening energy crisis,” Bloomberg notes. agency, there are doubts that the ECB will be able to avoid a recession or stagflation, «which everyone is so afraid of.» Countries that support Ukraine and impose sanctions against Russia at the same time harm their own economies, the story says. European factories are showing signs of distress amid record price increases and shrinking demand exacerbated by strict lockdowns in China. Europe has come under pressure from all sides, forcing investors to watch to see if they are pushing an already fragile economy into recession. summarizes Bloomberg. After the start of a special military operation to denazify and demilitarize Ukraine, Western countries stepped up sanctions pressure on Moscow. Now the European Commission is discussing the sixth package of restrictive measures, which includes, in particular, a phase-out of Russian oil imports. It has not been possible to agree on it yet, as some countries, including Hungary, Slovakia, the Czech Republic and Bulgaria, require exceptions for themselves. Against this background, fuel prices are rising, which has already led to economic problems in Europe and the United States. Thus, annual inflation in 19 eurozone countries, according to preliminary estimates by Eurostat, accelerated in April to a record 7.5 percent, although a year ago the figure was only 1.6 percent.
The French explained why Europe will not benefit from anti-Russian sanctions
