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This episode focuses on Europe where war, Covid, inflation and a cost-of-living crisis are taking a heavy toll on economic growth and the outlook for international trade.

Nomura now expects Western Europe’s real GDP to contract by 0.4% this year. In Germany and the UK, the two large economies most affected by current economic headwinds, real GDP is expected to contract by 0.8% and 0.7%, respectively. Meanwhile, consumer prices in Western Europe rose 8.5% last year, and are expected ...

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