European Economies Face Substantial Recession Risk, Poll Shows

European economies received a poor bill of health in a survey of experts that showed elevated recession risks due to geopolitical conflicts and heightened energy costs.

In the euro zone, the chances of two consecutive quarters of declining output by year-end are highest in Germany and the Netherlands at 38%, according to a quarterly poll by the ifo Institute and the Swiss Economic Policy Institute. That compares with 26% in the US.