Europe’s economy slows sharply as recession risks

Europe’s economy slowed sharply in June as rising energy and food prices weakened demand for other goods and services, with trade surveys showing some countries at risk of a recession in the coming months.

New data underscores how dark the outlook for Europe’s economy has turned Russian war in Ukraine pulls, with spreading high inflation across the board, Interest rates likely to rise And the potential energy crunch this winter, not to mention the persistent supply-chain bottlenecks across all regions.