Europe Is Destined For UNAVOIDABLE Collapse
In July 2022, Nomura’s Chief Economist predicted that the UK, US, Japan and Europe will be heading into a recession for the next twelve months. We’ve seen the effects of the looming recession in the United States and United Kingdom. We’ve also seen how Japan is struggling to keep its economy afloat. However, there are several factors that have placed Europe in a tight corner and it may be unable to weather the storm of the looming recession.
The severe energy shortage, rising inflation, goods supply interruptions, the imbalanced relief from the covid-19 outbreak, the drought occurring now in the UK, and the ongoing six-month war between Russia and Ukraine have contributed to the sloop down of Europe's economy. There is widespread agreement that a recession is approaching Europe in the year's final three months and will continue to get smaller until the end of 2023 amidst the anxious turmoil. This prediction is not just a mere economic prediction but is backed by major contributing factors.
This brings us to the question of how bad this recession will be in Europe. The recession is coming, but the question bothers on how severe it will be.
Welcome to Savvy Economists. In this video, we will discuss how bad the recession will be in Europe. Don’t forget to please watch, like, and share this video if you enjoy it. Also, leave your comments and thoughts below, and don't forget to subscribe to the channel for more related content similar to this.
According to a recent economic prediction from the European Commission, the EU's GDP will expand by 2.7% in 2022 and 1.5% in 2023. This year, the annual average inflation rate is anticipated to reach a record high of 8.3% before crashing to 4.6%. The International Monetary Fund has lowered its growth projections for each of the major economies in the eurozone—Germany, France, Italy, the UK, and Spain—for 2023 since the conflict and rising interest rates are expected to slow economic development. This is how quickly most European countries' economies are going down the drill.
You see, a recession has no set time duration, but it’s expected to last at least six months when it occurs, and anything over that means there is trouble. The longer type of recession is what many economists are predicting will occur in Europe, especially in the UK.
Welcome to "Savvy Economists 🤝
This channel is all about the world economy 💰.
We create and share videos about economy and investments in order to inform our viewers on the happinings in the global economy. We are savvy economists and love investment and the stock market and so, we share a lot of videos about us economy, canada economy, housing market, europe economy, canadian economy, epic economist, uneducated economist and the gloal economy.
We do a lot of research to bring you valuable and useful information, about inflation, us inflation, inflation 2022, biden inflation, inflation news, canada inflation, food inflation, inflation uk, joe biden inflation, europe inflation, fed inflation, as well as sharing videos from many experts, including Robert Kiyosaki, Harry Dent, Peter Schiff, Cathie Wood, and many others.
#inflation #economy #recession
#housingmarket #invest #economycrash #useconomy #canadaeconomy #entrepreneur #business #success #investment #finance #Stockmarket 👨🏫
Please, like, comment, subscribe, and ring the bell! EVERYTHING helps us grow!.Thanks For Watching Our Video 🤗.
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🎦 Video footage and Background music: all video footage and background music used is either licensed through either CC-BY or from storyblocks
👉 FINANCIAL DISCLAIMER
This channel is intended to share tips and investment videos by experts. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action.
Never make any investment because you see a YouTuber talking about it. Always do your own independent research before aking any investing.
