Goldman Sachs predicts what will happen to Europe’s economy if Putin shuts off the gas taps
From cnbc.com
Natural gas is one of several commodities caught in the crossfire of the conflict in Ukraine, and the European economy could take a hit if Russia halts its exports. Supply-side risks arising from the war have stoked extreme volatility across global commodity markets, with oil, nickel and wheat also surging alongside natural gas in recent weeks. Natural gas is once again front and center after Russian Deputy Prime Minister Alexander Novak warned that Moscow could halt its exports to Germany and the rest of Europe via the Nord Stream 1 pipeline. His comments came partially in response to Germany’s decision last month ...
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