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Hungary’s Orban Sees Recession in Europe Amid Energy Crisis

Viktor Orban

Viktor Orban

Photographer: Valeria Mongelli/Bloomberg

Europe will plunge into a recession after a looming energy prices, prompting a scramble for jobs even in a country like Hungary that’s faced a labor shortage until now, according to Prime Minister Viktor Orban.

European Union sanctions against Russia, including on oil, have backfired as they’re causing bigger hardship for Europe than for Moscow while they’ve failed to push Russia to end its war, Orban said in a state radio interview on Friday.