{"id":44547,"date":"2022-05-16T21:48:07","date_gmt":"2022-05-16T12:48:07","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2022\/may\/16\/eu-growth-forecast-cut-inflation-ukraine-war-please"},"modified":"2022-05-16T21:48:07","modified_gmt":"2022-05-16T12:48:07","slug":"eu-growth-forecast-cut-as-war-in-ukraine-fuels-inflation","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=44547","title":{"rendered":"EU growth forecast cut as war in Ukraine fuels inflation"},"content":{"rendered":"<p>European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in China<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.theguardian.com\/world\/live\/2022\/may\/16\/russia-ukraine-war-latest-news-swedish-pm-to-seek-parliaments-support-for-joining-nato-live#top-of-blog\">Russia-Ukraine war: latest updates<\/a><\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/www.theguardian.com\/business\/live\/2022\/may\/16\/china-economic-activity-falls-stock-markets-recession-ftse-eurozone-growth-inflation-bank-of-england-business-live?filterKeyEvents=false&amp;page=with:block-628213438f08e6ce3a77fe26#block-628213438f08e6ce3a77fe26\">growth prospects<\/a> for the EU have been revised sharply downwards after Russia\u2019s invasion of Ukraine put paid to hopes of a strong and sustained recovery from Covid-19 over the next two years.<\/p>\n<p>Rocketing energy prices as a result of the conflict have pushed up inflation and increased economic headwinds during a period when they were expected to subside, the European Commission said in its <a href=\"https:\/\/ec.europa.eu\/info\/business-economy-euro\/economic-performance-and-forecasts\/economic-forecasts\/spring-2022-economic-forecast_en\">latest forecasts<\/a>.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2022\/may\/16\/eu-growth-forecast-cut-inflation-ukraine-war-please\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in ChinaRussia-Ukraine war: latest updatesThe growth prospects for the EU have been revised sharply downwards after Russia\u2019s invasion of Ukraine put paid to ho&#8230;<\/p>\n","protected":false},"author":943,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[6,50,556,437,221,530,492,558,2515,449,419,52,930],"tags":[],"class_list":["post-44547","post","type-post","status-publish","format-standard","hentry","category-business","category-china","category-chinese-economy","category-economics","category-europe","category-european-union","category-fossil-fuels","category-global-economy","category-inflation","category-oil","category-russia","category-uk-news","category-ukraine"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/44547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/943"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44547"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/44547\/revisions"}],"predecessor-version":[{"id":44548,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/44547\/revisions\/44548"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}