Economics
Euro Region Faces War Fallout Cost of 2% of GDP, UBS Estimates
Displaced Ukrainians wait outside an immigration office in Brussels, Belgium, on March 14.
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
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Euro-zone governments’ extra spending caused by Russia’s invasion of Ukraine will cumulatively total 2% of annual output by the end of next year, according to economists at UBS Group AG.