10
May
16:54
EBRD estimates 2.3% economic slowdown if Russia stops gas exports to Europe
The European Bank for Reconstruction and Development (EBRD) said Tuesday the economy in the countries where it operates could slow an average of 2.3% this year if Russia closes its gas taps to Europe.
The forecast, based on threats of Russia abruptly stopping gas supplies at the end of Q2, assumes European gas prices would increase by 40-50% and that Brent Crude would rise by 15%, Kallanish notes. Such a rise in prices would hit the competitiveness of heavy …
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Anonymous
Very good overview of the weekly steel market.
Anonymous