Economics
Runaway Inflation Flashes Recession Warning on Euro Zone’s Edge
- Estonian central bank says GDP may shrink as war also weighs
- Russia’s invasion is damaging sentiment, stoking energy costs
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Consumer prices are surging so quickly on the euro area’s eastern fringe that Estonia is predicting a recession -- a cautionary tale for the European Central Bank as it struggles to wrest control of record inflation amid Russia’s invasion of Ukraine.