🇪🇺⚡The #energy #crisis will hit like the disaster of 2009 - Bloomberg

Governments are spending hundreds of billions of euros to ease the pain of high gas prices, but that won't stop a deep recession.

The economic damage from cutting off Russian #gas supplies is mounting rapidly in #Europe and could eventually eclipse the effects of the global financial crisis.

With a continent-wide recession looking imminent, a harsh winter is setting in for chemical manufacturers, steel mills and automakers, starved of essential raw materials, who, along with households, are sounding the alarm about skyrocketing energy #bills. #Russia