After prevailing uncertainty coupled with pessimism for more than a year, it seems that the European Union has already survived the economic hurricane caused by the Russian invasion of Ukraine, as reported by « Euronews ».
The specter of recession is vanishing, growth is recovering, inflation is starting to count down, and the labor market is going back to its predecessor. So came the EU Commission’s hopeful assessment.
But on the other hand, the widening gap between the haves and the have-nots still widening. EU Economics Commissioner Paolo Gentiloni said.
Gentiloni pointed out that there are clear differences between European countries in terms of expectations regarding public finances. « We must watch this disparity closely to avoid deepening it » Stressed Gentiloni.
For example, the rate of inflation in Eastern Europe is more than double that of the eurozone.
