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Europeans Cut Back on Spending, Pointing to Recession Ahead
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wsj.comEuropeans cut back sharply on their spending on goods during October, a sign that high prices at the start of a period of increasing energy usage are pushing the region’s economies toward recession.
Consumer prices have surged since Russia’s invasion of Ukraine, and the Kremlin’s decision to weaponize the country’s vast stores of energy to undermine European support for Kyiv.
Read more on wsj.comAbout this in other media
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