Named a risk factor for recession in Europe

The weakness of the euro increases the risk of a recession in Europe. This was stated by the head of the World Bank David Malpass during a speech at Stanford University.

Another factor that increases the risk of recession in Europe, Malpass called high inflation.

“Euro weakness and high inflation increase the likelihood of a recession in Europe”– said the head of the World Bank.

Even David Malpass stressed that the World Bank sees the risks of curbing the growth of the European economy for a long period of time.

Note that Europe, in fact, drove itself into a trap with its sanctions against Russia. Restrictions of the West turn around for the most part against those who introduce them.

Analysts at Bank of America said earlier that Western bond markets are now on their way to the most serious crisis since 1949, when Europe was recovering from World War II.