Europe is bracing for a recession that may do little to tame record inflation, testing the mettle of central bankers who’re just days away from raising interest rates after a decade-long hiatus. Predictions of an impending downturn are building as the continent’s post-pandemic rebound fades and the reality of a winter energy crisis sinks in - even if fears of a full Russian cutoff don’t come to pass. That puts the European Central Bank (ECB), which announces its rate decision on Thursday, in a tight spot. Unlike in the US, where government stimulus fuelled a demand-led surge in consumer prices, inflation in the 19-member eurozone is primarily down to soaring natural gas costs - made worse b
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