Most EU states to be in recession in Q4! Paolo Gentiloni warns!

Most EU states to be in recession in Q4! Paolo Gentiloni warns!




Gentiloni: Most EU states to be in recession in Q4! European Commissioner for Economy Paolo Gentiloni said on Friday that the economic situation on the continent has deteriorated further and warned most European Union countries are “expected to find themselves in a recession” in the fourth quarter.

“The surge in energy prices and rampant inflation are now taking over and we are facing a very difficult period both from a social and economic point of view,” Gentiloni stressed but remained confident Europe can overcome this tough period if it remains united.

In its economic projections released earlier in the day, the European Commission noted that EU’s economy will grow by 3.3% in 2022, but warned growth will slow to only 0.3% next year.

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2 Comments

  1. Paolo, EU in ballance unit with wholle western will allways win in every problem situation. Its only life through the democracy and freedom. From crisis we'll all become more wise and stronger. Ukraine liberation fight opened our eye and turn us more together its wining from begining crisis what showing western patriotism and more unit of people and gouverments in western in prayers and legal working and proudly paying tax.