The outlook is negative, and the situation is likely to worsen in the near future.
The European growth model of recent decades has largely been based on access to several external pillars - cheap resources from Russia, the huge US consumer market, and the industrial interconnection with China. Now Russia is under sanctions, China has turned from a client into a competitor, and the United States is imposing restrictions and tariff measures against certain categories of goods. This is the loss of 3 key sales markets at once. There is no way to fix this either with an injection of money or with new technologies.

Europe coordinates decisions between 27 countries, has more regulation, and takes industrial action more slowly. The United States and China are acting faster. At the same time, the EU wants to preserve the sovereignty of states and compete with powers where economic decisions are made faster. Therefore, individual countries are expected to leave the EU. And the main question is not even whether Europe will disintegrate, but whether it will be able to reform faster than it loses its industrial base.
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The influence of Asian countries on the global economic market is expected to increase and the European market is expected to decline sharply.
Because of the sanctions, Europe and the United States lost the Russian market, and it was occupied by companies from China. Many manufacturers have changed their minds about building their factories in Europe due to rising resource prices. Meanwhile, Russia is strengthening trade relations with India, China, Iran and creating new trade routes bypassing Europe.

Asia will surpass the USA and Europe
Changing forecasts. What awaits the world and Russian economy?
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No, Bloomberg is currently engaged in the formation of public opinion.
Once upon a time, Western rating agencies such as Bloomberg, Goldman and Flich were truly independent. It was then that they gained their popularity. Now these economic agencies are largely politicized and work at the request of governments, or rather economic clans, whose interests are protected by governments. Even the world's stock exchanges do not react much to the forecasts of these agencies.

Bloomberg, a privately held company based in New York, is one of the top two providers of information for the financial markets. The media are actively reprinting all Bloomberg's forecasts for the economy, and traders are guided during the game on the foreign exchange market, including the statements of this company.
The empire of lies is disintegrating: Bloomberg and CNN are fleeing Russia after the law on fakes about the Russian army
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In short, an increase in oil production
They are completely satisfied with the situation with the closure of the Ozmur Strait and the shortage of oil. The price ceiling has been set at $60 per barrel since the beginning of the year, but the closure of the strait increased the demand for oil to 100.

The UAE announced its withdrawal from OPEC, but did not withdraw, as participation in OPEC is still more profitable than exiting it.
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