Author : Roman Arjona
Publisher :
ISBN 13 : 9789276986119
Total Pages : 0 pages
Book Rating : 4.9/5 (861 download)
Book Synopsis Implications of the Russian Invasion of Ukraine for the European Economy by : Roman Arjona
Download or read book Implications of the Russian Invasion of Ukraine for the European Economy written by Roman Arjona and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Council conclusions of 24 February 2022 condemned Russia’s war of aggression against Ukraine and called for the urgent preparation and adoption of a sanctions package. By June 2022, six main packages of EU sanctions and various ancillary measures have been adopted against businesses and individuals in Russia and Belarus. This shock has come at a time in which the European economy was still recovering from the impact of the Covid-19 pandemic and it is leading to a worsening economic outlook. The revisions of major official forecasts for this year, all point to the same direction: accelerating inflation and decelerating growth. The cost of the war, so far, can be estimated at around one-and-a-half point of lower real growth and about three additional points of headline inflation. This note provides an overview of economic and trade exposures of the EU economy to Russia, including on strategic dependencies at the product level and a novel monitoring approach to detect supply chain distress6 . It also covers recent trends in energy prices.