S&P Global Report Says EU and UK Are in Recession, Putin Thinks West is Greedy – Bitcoin News

Today’s turbulent global economy has everyone on edge as inflation wreaks havoc on ordinary people’s wallets and global energy prices continue to soar. According to Credit Suisse, “the worst is yet to come” as analysts at the global investment bank believe the European Union (EU) and the UK are already dealing with a recession. S&P Global has a similar assumption, as a report released by The Manhattan Company explains that the UK is currently battling a full-year recession.

Nord Stream rupture raises tensions between Russia and West – Putin claims ‘end of Western hegemony is inevitable’

The world economy looks even worse after the Nord Stream pipeline rupture, as many believe the conflict between the West and Russia has intensified.United Nations detail The destruction could be the largest release of methane ever recorded in history. In addition, the Nord Stream pipeline problem means Europe will struggle to get gas this winter.EU gas prices soar Reach lifetime heights with countless Europeans energy.

S&P Global report says EU and UK are in recession, Putin sees West as greedy
The rupture of the Nord Stream pipeline has escalated tensions and many believe the world is heading for a third world war.

Also, both sides blame each other for the rupture of Vladimir Putin’s Nord Stream pipeline Announce The act was “unprecedented destruction” and an “act of international terrorism”.Meanwhile, U.S. President Joe Biden Say The Nord Stream leak was also an “act of sabotage,” and he further pointed out that the Kremlin’s accusation of the U.S. rupture was completely untrue.Putin also famous In a recent speech, “the end of Western hegemony is inevitable”.This speech translated by so-and-so Konstantin Kissing On September 30, he explained that Putin believes the West is greedy and is trying to enslave countries like Russia.

Kisin’s translator further said that Putin said the West used finance and technology to bring other countries to their knees. According to the Russian president, the West imposes a “hegemonic tax”. “They don’t want us to be free, they want the Russians to be a bunch of soulless slaves,” Putin told attendees at the event.

Participants and one individual reacted strongly Say:

We’ll beat them, we’ll kill them, and we’ll loot everything they have. It’s going to be something we like to do.

Credit Suisse and S&P Global report that Europe and the UK are already dealing with recession – “Europe faces difficult and uncertain geopolitical and economic outlook”

Credit Suisse amid heightened tensions Report Says that the UK and Europe are already in recession and that the US is “flirting” with it. Analysts at the global investment bank explained that part of the pressure stemmed from central banks raising interest rates. “Higher interest rates coupled with persistent shocks have led us to lower our GDP forecasts,” the Credit Suisse report detailed. “The euro zone and the UK are in recession, China is in a growth recession, and the US is in a recession.”

The Credit Suisse report added:

Crucially, the rise in the share of price categories above the central bank’s inflation target indicates that inflation is expanding from a limited set of supply shock-related drivers to more generalized inflation. This expansion requires tighter policies and a weaker economy, as it increasingly reflects a tighter labor market.

The Credit Suisse report follows the latest statement from Citadel CEO Ken Griffin at a conference last Wednesday.Griffin explain Citadel is “very concerned about the possibility of a recession”. In addition, analysts in a report published by S&P Global explained that the U.K. and Europe are already in recession, and Ukraine’s war with Russia is exacerbating the region’s sluggish economy. Paul Waters, chairman of credit conditions for the S&P global region, said the European Union will usher in a difficult winter and the European economy faces higher credit risks.

S&P Global report says EU and UK are in recession, Putin sees West as greedy

Waters sees measures taken by the EU price cap On the energy front, this winter will protect Europeans from inflationary pressures. “The fiscal support measures deployed by the government, particularly the caps on typical household energy bills, will greatly protect household budgets from greater inflationary pressures over the winter,” Waters said. “This, along with the continued resilience of the labour market, is the main reason why we do not expect the UK economy to perform any worse.”

S&P Global’s report continues:

Europe faces a difficult and uncertain geopolitical and economic outlook as Russia’s political risk appetite appears to have increased after Ukraine lost territory, and high energy prices fuel inflation, triggering interventions to support consumers and businesses , central banks quickly adjusted the level of interest rates.

at the same time, US Dollar Index (DXY) Having retreated from its recent highs nine days ago, countless fiat currencies around the world have rallied against the U.S. dollar.This EUR USD/USD managed to rebound 2.15% over the past 7 days, GBP It is up 3.95% for the week. However, GBP has lost 14.98% over the past six months and EUR/USD has lost 11.25%. On the other hand, the Russian ruble has gained 42.44% against the dollar in the past six months.

tags in this story

Citadel CEO Ken Griffin, Credit Suisse, Credit Suisse Report, US dollar index, DXY, economics, energy crisis, EU Euro, Europe, hegemonic tax, inflation, Joe Biden, Konstantin Kissing, Kremlin, Methane leak, natural gas, north creek, North Stream Pipeline, Oil, Paul Waters, economic recession, Russia, President of Russia, Russian Ruble, S&P Global, S&P Global Report, west, GBP, GBP, America president, Vladimir Putin

What do you think of reports that Europe and the UK are already in recession? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News for Bitcoin.com News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News on the disruptive protocols emerging today.

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