Washington's sabotage of the Nord Stream pipeline makes the Trans-Saharan gas pipeline crucial for Europe which now faces uncertainty. EU concern over Niger's leadership now becomes evident. (pbs.twimg.com)

submitted 1 year ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[-] NothingButBits@lemmygrad.ml 2 points 1 year ago* (last edited 1 year ago)

I think this recession will be for Europe only. The US will canibalize part of EU's industry while the rest moves to Asia. Living standards will never recover. Maybe this even becomes a depression. As you can see Germany's PMI is fast approaching major recession levels.

[-] bandarawan@lemmygrad.ml 1 points 1 year ago

Yeah, the US seems to be better off.

But there still does not seem to be data that the EU will be in a recession very soon, it Still at +0,?%

this post was submitted on 05 Aug 2023

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