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Europe’s Economy Slows Sharply as Recession Risks Grow

Europe’s financial system slowed sharply in June as surging costs of power and meals weakened demand for different items and providers, enterprise surveys confirmed, rising the chance that some international locations will slide into recession over coming months.

The new information underlines how darkish the outlook for Europe’s financial system has change into as Russia’s war in Ukraine drags on, with high inflation spreading throughout the board, the prospect of rising interest rates and a attainable power scarcity this winter, to not point out persistent supply-chain bottlenecks throughout sectors.

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