Finland's Prime Minister Sanna Marin speaks at the World Economic Forum in Davos and answers a question about Europe's chances to enter a recession in 2023. Video courtesy of the World Economic Forum. Don't Miss: Valley of Hype: The culture that built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: Connect with Yahoo Finance: Get the latest news: Find Yahoo Finance on Facebook: Follow Yahoo Finance on Twitter: Follow Yahoo Finance on Instagram: Follow Yahoo Finance Premium on Twitter: ...(read more)
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The COVID-19 pandemic has dealt a massive blow to world economies, and Europe has not been spared. As countries continue to battle the virus and its subsequent effects on the economy, the question on everyone's minds is whether Europe will face a recession in '23. Finland Prime Minister Sanna Marin has pointed out that it is a possibility. Speaking in English during a recent interview, she noted that while the situation is improving, there are still concerns about the long-term effects of the pandemic. One of the key factors that could lead to a recession is the slow recovery of the tourism industry. Europe is a major tourist destination, and the pandemic has severely impacted the sector. Many countries have closed their borders, and travel restrictions have been put in place to curb the spread of the virus. This has led to a significant drop in international tourist arrivals, which in turn has impacted businesses that rely on the sector. If the recovery of the tourism industry continues to be slow, it could have a ripple effect on other sectors of the economy. Another factor that could contribute to a recession is the loss of jobs. The pandemic has led to a rise in unemployment rates across Europe. With businesses shutting down or operating at reduced capacity, many people have lost their jobs. This has led to a drop in consumer spending, which could affect other industries such as retail and hospitality. The situation is further complicated by the uncertainty surrounding the pandemic. While vaccines are being rolled out, there are concerns about new strains of the virus and the effectiveness of the current vaccines against them. Ongoing lockdowns and restrictions could negatively impact the economy, leading to a recession. While the possibility of a recession cannot be ruled out, there are measures that can be taken to mitigate the impact. Governments across Europe are offering financial support to businesses and individuals affected by the pandemic. This could help to boost consumer spending and prevent further job losses. Additionally, countries could work together to find ways to safely reopen the tourism industry, which could provide a much-needed boost to the economy. In conclusion, the possibility of a recession in Europe in '23 cannot be ignored, given the ongoing effects of the pandemic. While measures are being put in place to mitigate its impact, uncertainty surrounding the virus and its effects on the economy remains. Countries will need to work together to find sustainable solutions to prevent a recession and ensure a stable economic recovery. https://inflationprotection.org/could-europe-be-headed-for-a-recession-in-2023-warns-finlands-prime-minister-sanna-marin/?feed_id=92681&_unique_id=644d675a986b2 #Inflation #Retirement #GoldIRA #Wealth #Investing #Bonds #business #Currencies #Equities #FX #investing #investment #market #Markets #money #news #NYSE #personalfinance #politics #savings #stockmarket #Stocks #YahooFinance #YahooFInancePremium #RecessionNews #Bonds #business #Currencies #Equities #FX #investing #investment #market #Markets #money #news #NYSE #personalfinance #politics #savings #stockmarket #Stocks #YahooFinance #YahooFInancePremium
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