Skip to content
US and European economies slow sharply as recession risks rise

The US and European economies slowed sharply in June as soaring energy and food prices weakened demand for other goods and services, business surveys showed, raising the risk of recession around the world .

New figures measuring manufacturing and services activity underscore how bleak the outlook has become in Europe and the United States as Russia’s war in Ukraine drags on, and with high inflation spreading to all countries. levels, supply chain disruptions and the prospect of rising interest rates. business investment. Europe faces additional pressure due to a possible energy shortage this winter.