Europe Skirts a Winter Slump, but War Fallout Clouds Its Economic Future
Written by admin on December 21, 2022
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by
our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact
Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
https://www.wsj.com/articles/europe-skirts-a-winter-slump-but-war-fallout-clouds-its-economic-future-11671627024
European businesses look to invest in the U.S. as high energy costs damp the continent’s ability to compete
Europe’s economy looks set to avoid the severe shock that the region feared amid the energy crisis resulting from Russia’s invasion of Ukraine. But the region’s medium-term problems look harder to fix, and leave Europe facing a struggle to retain its industrial core.
Russia’s war on Ukraine and its economic fallout has shaken Europe’s export-oriented business model. Skyrocketing energy prices threaten industries at the heart of the continent’s manufacturing system, such as chemicals and metal production. Businesses around Europe are reducing production and starting to redirect investment overseas, including to the U.S., which is luring foreign companies with hundreds of billions of dollars in subsidies.
Reader's opinions
Continue reading
