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There is no recession.  That was an excuse made up by tech CEOs so they could fire expensive workers in North America and Europe, whilst continuing to hire in India. >

This is the best tl;dr I could make, original reduced by 60%. (I'm a bot)


The economy is expected to be weighed down by the effects of tight fiscal policies and a smaller work force, while higher interest rates increase mortgage costs and steep household energy bills exacerbate a cost-of-living crisis.
The determination of central bankers to return inflation to a target of 2 percent could keep interest rates elevated, imposing higher costs for mortgages and business loans across the continent, restraining the economy.
Continue reading the main story European policymakers are concerned that the energy shock is still working its way through the economy, while tight labor markets are pushing up wages in a way that they worry is inconsistent with inflation's returning to their 2 percent target.


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