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Home News Economy

Recession: Citigroup issues ominous warning as Europe economy in meltdown | World | News

admin by admin
June 5, 2022
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The financial sanctions against Russia have sent energy prices on an unprecedented hike, which, concurrently with the effects of the pandemic have left Europeans faced with a surging cost of living crisis. Experts warn that the situation is set to only get worse, with the devastating impact of a recession striking across European countries.

Jane Fraser, the CEO of Citigroup, has stated that Europe is “definitely” heading into a recession,…



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