Bloomberg announced the fears of EU politicians to face recession and stagflation
European Union faced economic pressure from various quarters. At the same time, there are concerns that European Central Bank will face recession or stagflation, “which everyone is so afraid of”, declared Bloomberg agency.
The agency reported on the fears of EU politicians to face a possible recession or stagflation. Investors and CEOs are concerned about these risks because they are high.
“Recession is a word that central banks and political leaders are trying to avoid. According to investors and company executives, the danger of a recession is real, especially in Europe.
Bloomberg recalled that top managers and experts from major financial institutions, including JPMorgan Chase, HSBC and Goldman Sachs, had previously warned of a likely recession in Europe.
“The danger of a recession has come to the fore amid major headwinds facing the eurozone economy: persistently high inflation, the ongoing crisis in Ukraine and the associated worsening energy crisis,” the agency said.
At the same time, the European Central Bank is optimistic and expects to find a solution from stimulating the economy in an era of crisis. However, there are also opposite opinions.