Our economy is in perilous times: “If these two things happen to combine, we will have a disaster.”

For the European economy, these are perilous times. Inflation is at all-time highs, and a recession is looming as a result of the Ukraine conflict. It’s referred to as “Stagflation,” which is a derogatory term. So we’re in the midst of a financial crisis. The European Central Bank is holding a meeting to see what might be done. “At the present, they can’t do anything,” says economist Gert Peersman (UGent). “We’ll have to wait and see,” says the narrator.

By Editor

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