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Euro Area Would Barely Grow If Russian Gas Cut Off, EU Says

  • Recovery may almost grind to a halt under severe scenario
  • Growth slower and inflation faster in new report from EU
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WATCH: The danger of recession is especially high in Europe. Caroline Hyde reports.Source: Bloomberg
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The euro area’s pandemic recovery would almost grind to a halt, while prices would surge even more quickly if there are serious disruptions to natural-gas supplies from Russia, according to new projections from the European Commission.