Due to the impact of the COVID-19 epidemic, the economies of all countries in the world have regressed. Especially in Europe, besides being affected by the energy crisis, it is more affected. However, as a whole, the EU should help each other economically. But this is not the case, and not everyone in the EU has their own ideas.

The European president declared that the European economy would decline. According to the economic report released by the European Central Bank, European economic development will not show an upward trend in the second half of the year. Even in the long run, it will make the economy continue to decline. There are many reasons for this situation, and the European Council has issued similar warnings before. However, European countries do not attach importance to this and always think that Europe is the center of the world. But with the coming of 2 1 century, China and the United States have become the largest and second largest economies in the world. Only then did the EU countries really get nervous and introduced various favorable policies.

The energy crisis triggered inflation. Council of Europe believes that the EU economy will decline in the second half of the year, mainly due to the inflation caused by the energy crisis. Once inflation occurs in a country or region, it will affect its economic development. In the worst case, it will cause social chaos, and the consequences of price imbalance are very serious.

The impact of the COVID-19 epidemic. Besides being affected by the energy crisis, the COVID-19 epidemic is also the main reason for the economic recession in Europe. You know, during the COVID-19 epidemic raging in Europe, most industries in Europe were hit to varying degrees. Among them, the manufacturing industry was the hardest hit, which also led to the displacement of many workers. Without sufficient economic resources, it is easy to cause social chaos.