East Europe’s party over as double-digit inflation bites ...Qatar

Gulf Times - News
East Europe’s party over as double-digit inflation bites
In the weeks that followed Russia’s invasion of Ukraine, western Europe’s big economies began to falter. But further east it was still boom-time thanks to double-digit wage hikes and generous state handouts in some countries. Not anymore. A sharp slowdown in retail sales and plunging confidence indicators show that the cost of living crisis has caught up with Europe’s eastern wing, where people now face a harsh reality check as stubborn double-digit inflation erodes their incomes while food price rises top 15%-22% and energy costs soar. As household consumption takes a hit, analysts are downgrading their GDP forecasts and the risk of a Europe-wide recession looms. Families have started to t

Hence then, the article about east europe s party over as double digit inflation bites was published today ( ) and is available on Gulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( East Europe’s party over as double-digit inflation bites )

Apple Storegoogle play

Last updated :

Also on site :