Euro-Zone Consumer Sentiment Hits Record Low on Energy Crisis

From bnnbloomberg.ca

Euro-area consumer confidence slumped to its lowest level on record as households brace for a winter energy crunch and a further acceleration of already soaring inflation. A monthly gauge from the European Commission fell to -28.8 in September, according to data released on Thursday. That compared with analyst estimates for a decline to -25.5. Economists say it’s almost inevitable that the 19-nation currency bloc will enter a recession in the coming months, with Russia throttling gas supplies and prices soaring. Governments across the region are rushing to devise support measures to protect more vulnerable groups. ... (full story)