The EU is preparing to transfer its economy to military rails. The EC will propose ways to intensify the work of the European defense industry to respond more effectively to Ukraine’s war needs and future security challenges. This refers to proposals that EU coun... #DefenseIndustryEU #EDIP #EUdefense #EUEconomy #EUUkraine
Ukrainian refugees have reduced the labor shortage in the European market. European Commissioner for Employment Nicolas Schmit said that Ukrainian refugees in the EU played an important role in improving the situation in the bloc’s labor market. There is a labor shortage in ... #EUEconomy #NicolasSchmit #RefugeesFromUkraine #WorkForRefugees
The small economies of Europe provide the largest share of their GDP to Ukraine. CNN analyzed the international aid that countries have supplied to Ukraine and found that Norway and the Baltic states have allocated the largest share of their gross domestic product. As the analysis... #AidforUkraine #EUEconomy #MilitaryAidforUkraine #SupportUkraine
The Ministry of Finance of Ukraine also “positively” revised its forecast for Ukraine’s GDP. According to 2023’s activity, Ukraine’s GDP will grow by more than 3%, Minister of Finance Serhii Marchenko said. “The balance of payments has been adjusted thanks to external infusi... #EUEconomy #GDPinUkraine #nbu #SerhiyMarchenko #UkraineEconomy
The European Commission has improved its economic forecast despite the war in Ukraine. Europe will manage to avoid the recession that was expected at the beginning of the year, the European Commission believes. In particular, it is noted that almost a year after the start of Russia̵... #EUEconomy #EUinflation #WorldEconomyForecast
Economists predict a contraction of the Eurozone economy in 2023. The expected recession in Germany next year will lead to a general decline in the Eurozone economy by 0.1%, writes Bloomberg. It is noted that the block’s production volume will fall by 0.1% in ... #DennisHuhzermeier #EUEconomy #EurozoneInflation
Economic sentiment in the EU has fallen to the lowest level in a year and a half. Bloomberg writes that an index of economic sentiment in the eurozone fell to a 19-month low as the inflation rate hit record high after record high and tight energy supplies pushed the region closer t... #Economicsentiment #EUEconomy