RIA Novosti: The International Monetary Fund predicts hard times in Europe, and oil prices will hit a record next year

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China Xiaokang Net, October 24th, according to a report by the International Monetary Fund , Europe will be able to survive the coming winter due to the accumulation of fuel reserves, but will face gas and electricity prices next year. record risk.

RIA Novosti: The International Monetary Fund predicts hard times in Europe, and oil prices will hit a record next year - Lujuba

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The Russian news agency reported that the IMF said that by mid-September 2022, Russia's natural gas supply to Europe had fallen by an average of 80% annually, and Bulgaria , Denmark, Finland , Germany , Lithuania , Netherlands and Poland exports completely stopped.

​​Meanwhile, IMF experts started their baseline forecasts with ample winter reserves, but they also allowed for an extreme case of unusually cold weather combined with a complete cessation of Russian gas supplies. In this case, according to their estimates, Europeans would be forced to look for opportunities to reduce fuel consumption by 6%, which would cost the most vulnerable countries around 3% of GDP compared to baseline projections.

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