The energy price surge is squeezing Europe's economy

By Michael Winfrey, William Horobin, Alexander Weber

12 Jan 2022 · 4 min read

Soaring energy prices are putting the squeeze on European consumers desperate for some relief after two years of coronavirus, lockdowns and job worries.

The financial pain is taking a toll on households, who are more worried about prices than at any time this century, and feel less inclined to splurge, according to a European Commission survey. If demand suffers as a result, that has implications for how quickly the economy can fully recover from the destruction wrought by the pandemic.

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