Eurozone To Lose One Point Of Growth To War
Crédito y Caución expects the Russian invasion of Ukraine to cut Eurozone GDP growth by one percentage point to 2.9% in 2022, due to supply chain disruption, higher commodity prices and the adverse impact on business and consumer confidence. This impact assessment, subject to a high level of uncertainty, is based on two assumptions: that the conflict will not continue beyond 2022 and that sanctions will be strengthened but not…