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Tag: EU braces for 3rd annual recession in 4 years

  • EU braces for 3rd annual recession in 4 years

    EU braces for 3rd annual recession in 4 years

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    Admin Operation
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    The European Union (EU) is bracing for its third annual recession over the last four years, albeit moderate (-1.7%, formerly set at -1.9%), most probably as a result of quarterly drops that are foreseen over the second, third and fourth quarters of 2022, according to the third quarter report of EUROFER’s economic and steel market…