Financial

Sinking euro signals EU’s slowing economic growth

By Bob McGee 2022-07-13T15:03:00

Photo by Omid Armin on Unsplash

Source: Omid Armin on Unsplash

For the first time in nearly two decades, the euro and U.S. dollar yesterday nearly reached 1-for-1 parity. That suggests a recession is on the horizon for the European Union, contends some economists. Experts contend there are several reasons the euro against the dollar has depreciated 12 percent since the ...

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