Most challenges facing countries in the Eurozone are high energy prices, and many European issues could foreshadow economic woes ahead in the U.S.
Skyrocketing energy prices in Europe mixed with a marked downturn in consumer spending and business activity across countries in Europe that have adopted the Euro as their primary currency have economists saying the dreaded word: Recession.
Chris Williamson, a chief business economist at S&P Global, said,"A eurozone recession is on the cards as companies report worsening business conditions and intensifying price pressures linked to soaring energy costs."
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