Explained: Why Europe is likely to escape recession but the UK is in trouble

Source: firstpost.com firstpost.com

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After much doom and gloom over the Russia-Ukraine war, some have begun to think that Europe will escape the recession this year. The brighter prediction comes as a survey showed Europe’s economy growing for the first time since June and in the backdrop of lower inflation, improved supply chains, and the recent reopening of China’s COVID-scarred economy. The news comes a week after data showed Europe may avoid a recession that had been predicted several months ago. However, the United Kingdom might not be so lucky. Let’s take a closer look: Indicators brighten for Europe In January, the S&P Global...