Analysts point to gas shortages and record high inflation as the main triggers The risk of recession in the euro area is growing, economists polled by Bloomberg warned on Tuesday, citing the shortage of natural gas, as well as inflation – which remains at record levels – as the main factors. The likelihood of recession has reportedly surged to 45% from 30% in the previous survey, and 20% before the launch of the Russian military operation in neighboring Ukraine, which led to sanctions on Moscow, thus reducing Russian energy flows, mostly to Germany. “We assume a recession based on the already implemented oil embar
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