Accessible summary : Energy crisis pushing up general price level – Adverse impact on economic growth still to come
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-202211011427
Energy prices have risen substantially within the euro area. Natural gas and electricity, in particular, have become more expensive as a consequence of Russia’s war in Ukraine. The effects of the energy crisis on the economy of the euro area could be prolonged. The euro area countries purchase a significant share of their energy from outside the euro area. In 2020, this imported share was more than 60% of the total energy consumed in the euro area.
The accessible version https://www.bofbulletin.fi/en/2022/3/energy-crisis-pushing-up-general-price-level-adverse-impact-on-economic-growth-still-to-come/