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Europe’s Economy Slows as Ukraine War Sends Costs Soaring
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Europe’s economic recovery slowed in the first weeks of March after Russia’s invasion of Ukraine while U.S. business activity picked up, business surveys showed.
The war’s impact rippled quickly through Europe by disrupting already strained supply chains, weakening confidence and sending raw-material and energy prices soaring. The lifting of pandemic restrictions on Europe’s services sector is softening the blow for now. But economists expect this positive effect to fade and for the war to take a heavier toll on growth as higher energy costs push consumer prices up.
Read more on wsj.comAbout this in other media
ECB Confirms Plan to End Bond Buys as Ukraine War Boosts Inflation wsj.com /2 years ago
'World not treating human race the same way': WHO chief uses Ukraine war to question racial equality euronews.com /2 years ago
UK economy slows more than expected as car production slumps theguardian.com /2 years ago
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