S&P Global's data and analysis of international production, from the United States to Europe and China, paint a gloomy picture and outlook, weighed down by inflation, as the specter of recession looms. [Here’s What’s Going On in Some of the World’s Biggest Manufacturing Zones – SJ]
This is especially true for hydrocarbons. According to the main German economic institutes (RWI, DWI, Ifo, IfW, IHW) without Russian gas and oil supplies the German economy would incur a "deep recession".
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