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Europe’s Mild Winter Cushions Economic Blow of Ukraine War
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Russia’s economic war with the West looks set to claim a much smaller toll on Europe than the brutal recession many economists warned about just months ago, due to falling energy prices and government intervention to buttress the continent’s economy.
A mild winter so far, efforts by businesses and households to cut energy consumption, successful moves by governments to find new natural-gas suppliers and hundreds of billions of euros in fiscal support mean Europe’s recession is likely to be shallow and brief—if it happens at all—according to fresh data and estimates.
Read more on wsj.comAbout this in other media
Germany Sees Its Economy Growing This Year Despite the Ukraine War wsj.com /1 year ago
Germany Sees Its Economy Growing This Year Despite the Ukraine War wsj.com /1 year ago
Europe’s Mild Winter Cushions Economic Blow of Ukraine War wsj.com /1 year ago
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