Europe’s Economy Braces for More Supply Snags, Faster Inflation
Trucks lined up next to shipping containers idled due to Russia sanctions, at the Port of Rotterdam in Rotterdam in March.
Photographer: Peter Boer/BloombergSupply snarls this year may make Europeans yearn for the days in 2020 when an occasional shortage of eggs or a delivery delay of a few weeks were mere inconveniences.
Stronger economic headwinds are converging — Russia’s war in Ukraine, rising inflation fanned by soaring energy and food costs, and prolonged Covid-19 lockdowns in China’s export hubs are all threatening to wallop companies from Germany to the U.K.