European Economies at Risk of Recession Due to Geopolitical Conflicts and Increased Energy Costs

Recent survey reveals substantial risk of recession in European economies due to geopolitical conflicts and increased energy costs. Germany and the Netherlands face the highest chances of declining output. Ongoing war in Ukraine and tensions in the Middle East pose threats to supply chains and energy deliveries, with potential impact on spending and investment. Survey involved 1,431 economic experts from 124 countries, highlighting significant challenges facing European economies.