The European economies most affected in the event of a new sudden increase in energy prices: Romania, Hungary and the Czech Republic

According to EY European Economic Outlook, euro area economic growth surprised on the upside, with stagnant GDP in Q4 2022 and likely modest growth in Q1 2023, quelling previous expectations of an imminent recession. Inflation has passed its peak (10.6% in October 2022) and begun to decelerate, driven by falling energy prices and base effects.   In coming quarters, declining inflation will bring some ...

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