EU Economy

The global economy has been struggling to recover since the impact of the COVID-19 pandemic, which has had significant repercussions worldwide. The European Union (EU) has been particularly affected by the Russia-Ukraine war due to its reliance on Russian energy. Following this conflict, the EU is gradually moving toward recovery, with an anticipated mild growth rate in 2024. However, the ongoing Middle East conflict and concerns about its potential escalation raise doubts about whether the EU can withstand the challenges posed by such an escalation.