Analysis-Gas price shock set to add to Europe's industrial pain

By Yahoo! Finance   |   1 year ago
Analysis-Gas price shock set to add to Europe's industrial pain

European industries are facing a new gas price shock due to low stocks, competition for LNG, and potential reduced Russian supplies. This could lead to further closures and job losses, impacting economic growth and competitiveness. EU gas demand is below pre-pandemic levels, while prices are expected to rise.

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