Europe’s Energy Crisis: End in sight or far from over?
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Are We Still Watching the Weather?
We are expecting a recession in the euro area. What will that look like? How bad do you expect it to be generally? We're saying that what we've discussed, the surge in energy prices, high inflation is going to push us into recession. The number one risk to watch is weather. Number two, I would say that the main risk ahead is China. It's something that we already expect for next year, but the extent to which it's going to play out is an important source of risk as well.
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