Europe to See 'Steep' GDP Contraction as Natural Gas Spikes: Energy Aspects

Europe to See 'Steep' GDP Contraction as Natural Gas Spikes: Energy Aspects

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Amrita Sen, director of research at Energy Aspects, says European economies will contract by a "steep" 1.4% next year due to the surge in natural gas prices. "The burden of high gas and oil prices will actually mean that we are going to see some steep contraction in the European economies next year," Sen says on "Bloomberg Surveillance."