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Gas: Mes study, stop from Russia weighs up to 2.5% on Italy's GDP

2022-08-22T10:31:09.153Z


A stop in Russian gas supplies in August would lead to the depletion of reserves in euro countries already at the end of the year, triggering rationing and recession: Without interventions on consumption, the eurozone's GDP would lose 1.7%, with an impact of 2 , 5% for d ... (ANSA)


(ANSA) - ROME, AUGUST 22 - A stop in Russian gas supplies in August would lead to the depletion of reserves in the countries of the euro by the end of the year, triggering rationing and recession: Without interventions on consumption, the eurozone's GDP would lose 1.7% , with an impact of 2.5% for the two most exposed countries, Italy and Germany.

By reducing consumption by 15%, as per EU plans, the impact in the euro countries would instead be 1.1%.

This is estimated by an analysis by three economists of the European Stability Mechanism (ESM), Angela Capolongo, Michael Kühl and Vlad Skovorodov.

(HANDLE).


Source: ansa

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