Fears are growing that Russia will choke off the supply off natural gas to Europe completely.Goldman Sachs and JPMorgan are predicting a recession even if supplies continue.Fears are growing that Vladimir Putin's Russia could completely stop the flow of natural gas to Europe, a move analysts say would push the continent into an economic crisis.
In research notes and reports over the last week, economists and strategists have said a complete stop to natural gas supplies to Europe would batter the already fragile eurozone economy. JPMorgan also said this week that it now expects the eurozone economy to fall into a recession by the end of the year, basing its forecast on a situation in which natural gas supply from Russia stands at around 40%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: