Putin’s new gas squeeze condemns Europe to recession and a hard winter of rationing

Putin’s new gas squeeze condemns Europe to recession and a hard winter of rationing

• Germany, the region’s largest economy and traditional growth driver, has a particular reason to worry.
• It’s largely reliant on Russian gas and is sliding toward a recession.
• The possibility of a recession in Europe now seems “clear-cut,” Citi economists and strategists said in a note Tuesday.

https://www.cnbc.com/2022/07/27/putins-new-gas-squeeze-condemns-europe-to-recession-and-winter-of-rationing.html