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#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