Euro zone recession is coming. Germany's new export orders (blue) are falling again after a brief rebound in late 2022. The recent bout of market optimism on Europe will turn out to have been an illusion. Heightened uncertainty breeds recession. War breeds heightened uncertainty. pic.twitter.com/3FI5QPJQ5l
— Robin Brooks (@RobinBrooksIIF) February 21, 2023
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