Chief Economist at Swedbank Lithuania Nerijus Mačiulis says the war in Ukraine, continuing isolation of Russia, China’s struggling economy, the European energy crisis, inflation that reduces people’s purchasing power and more expensive borrowing will be the factors that could cause a recession in a number of countries. According to him, the recession should not be deep, but sufficient to quell high inflation.

It is forbidden to copy the text of this publication without a written permission from ELTA.
Elta EN
Comment Show discussion