GLOBALink | Energy crisis makes life hard for many in Europe-Xinhua

GLOBALink | Energy crisis makes life hard for many in Europe

Source: Xinhua

Editor: huaxia

2022-11-19 15:58:46


BEIJING, Nov. 19 (Xinhua) -- The crisis in Ukraine has sent energy prices surging in Europe, which in turn pushed up inflation rates.

The severe economic impacts of the energy crisis are being felt in many economic sectors in Europe.

European countries are taking steps to confront the near-term risks from energy-related impacts.

Many are strengthening natural gas storage capacities and providing economic relief for low-income families and energy-intensive industries.

But analysts say that the effects of these measures are bound to remain limited.


Produced by Xinhua Global Service

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