The European Economy since the Russia-Ukraine Conflict:Performance,Causes,Policy Responses and Prospects
The European economy has been greatly impacted by the Russia-Ukranie conflict and the consequential energy crisis.The EU economy has fallen into recession,with high inflation,shrinking imports and exports,prominent government deficits,weak economic performance in member states,and notable economic problems in Germany.During the Russia-Ukraine conflict,the European economy showed periodical characteristics of recession,stagnation and slow recovery,and a certain degree of differentiation,which was related to structural causes such as the EU's energy dependence on Russia and trade links,as well as temporary factors like the aftermath of the pandemic and the particularity of this conflict.In response to the Russia-Ukraine conflict,the European Central Bank has cut interest rates for several rounds,the EU and its member states have implemented short-term measures to seek energy alternatives and ensure people's livelihood,and the EU has also introduced long-term measures to accelerate energy transformation and strengthen economic security.These efforts have achieved certain results,demonstrating the resilience of the EU economy to some extent.Looking into the future,the EU economy is likely to recover slowly with serious geopolitical risks.The short-term policy response of the EU and its member states will need to balance retention and withdrawal,and long-term policy will face multiple challenges.The prospect of the EU economy remains uncertain under the ongoing conflict between Russia and Ukraine,with both risk and opportunity coexisting.
万方数据
维普
