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Ukraine trade disruptions and inflation weigh on firms and households, threatening to derail Europe's recovery and push many into poverty

The war in Ukraine risks upending Europe's economic recovery | EIB - June 14, 2022 |

According to a report published by the European Investment Bank, How bad is the Ukraine war for the European recovery? At the same time, our analyses show that rising inflation could push more Europeans under the poverty line.

The European Investment Bank Economics Department analysed the war's impact on the profitability of EU firms. We created a model with several assumptions:

Under our model, the share of EU firms losing money rises from the normal average of 8% to 15% in the year after the start of the invasion. The share of firms that risk defaulting on their debt also surges from 10% to 17% in the same period. Firms in sectors like transport, chemicals and pharmaceuticals, and food and agriculture suffer the most. Firms located in countries close to Ukraine, such as Poland, Latvia and Lithuania, are also hard hit, as are firms in Greece, Croatia and Spain.

When will citizens realize, the EU is part of the problem and has failed in previous years as well as today, to have policy in place before disaster strikes again.

Europeans concerned by cost of living crisis and expect additional EU measures | Jan 12, 2023 |

Corporations have no pain as banking, financial, energy suppliers, oil&gas monopolists, leading grocers are making extreme profits as salaried workers and pensioners suffer.


'Sapere aude'

by Oui (Oui) on Fri May 19th, 2023 at 07:18:25 PM EST

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