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#Inflation

Farmer Achille Crespiatico assesses damages to his corn field due to a severe drought in Spino d'Adda, as Italy is hit by the worst drought in 70 years. Photo: Piero Cruciatti / AFP
Farmer Achille Crespiatico assesses dama... […]

Driest July in memory imperils Europe’s crops

As much of Europe bakes in a third heatwave since June, fears are growing that extreme drought driven by climate change in the continent's breadbasket nations will dent stable crop yields and deepen the cost-of-living crisis. 
The EU executive, which tracks the economy for the 27 countries in bloc, said GDP growth in the eurozone would reach 2.6% in 2022 and a sharply lowered 1.4% in 2023. Photo: Andre Pain / AFP
The EU executive, which tracks the econo... […]

EU cuts growth forecasts as war-stoked inflation surges

The European Commission has slashed growth forecasts for the eurozone, saying the consequences from the war in Ukraine were continuing to destabilise the economy because of record high inflation
Smoke rises after explosions hit the Ukrainian capital Kyiv early on June 5, 2022. Photo: Sergei Supinsky / AFP
Smoke rises after explosions hit the Ukr... […]

War, hunger, Covid-19 cast gloomy shadow over Europe

Since Russia's invasion of Ukraine, the list of Europe's woes keeps growing as it battles rising food and energy prices and continued disruption caused by the Covid-19 pandemic