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Europe’s Workers Brace for Tough Times as Real Wages Fall

Europeans are prone to see actual wages fall quicker than their U.S. counterparts, as Russia’s invasion of Ukraine sends inflation on a contemporary surge, threatening to push the continent into recession.

Until the invasion, European inflation charges regarded set to stay under their U.S. equal, reflecting a slower financial restoration from the Covid-19 pandemic. This modified after the warfare began, sending food and energy prices surging in Europe.

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