| EU faces economic slowdown; war hurting trade and domestic demand

EU has faced the largest impact from the Russia-Ukraine war, due to still surging energy and commodity prices along with commodity shortages across the board. As port blockages in China are now relaxing, some of EUs own ports are facing labour shortages and increased congestion. Consequently, economic growth in EU is expected to fall this year.

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| EU faces economic slowdown; war hurting trade and domestic demand

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