Monday 24 October 2022 2:51 pm
The eurozone economy, made up of the 19 countries that use the euro, is on course to shrink 1.8 per cent next year as it is buffeted by elevated gas prices (Photo by Thomas Lohnes/Getty Images)
Much attention has been devoted to the comings and goings at Number 10 Downing Street and the ailing economy in recent weeks, but the UK is not alone in wilting under the weight of soaring prices and interest rates.
The eurozone economy, made up of the 19 countries that use the euro, is on course to shrink 1.8 per cent next year as it is buffeted by elevated gas prices, according to Neil Shearing, chief economist at consultancy Capital Economics.
Read more
Hunt has killed off Trussonomics but his next steps vary from bad to worse
Russia’s invasion of Ukraine has upended the global energy market by sucking supplies out of the…
