Euro area
place
Involved in
- China would be more severely affected than either the euro area or the United States, not because its direct energy exposure is the highest but because of its position within energy‑intensive manufacturing supply chains.
- Under the energy disruption scenario alone, Asian economies face the largest production losses, with South Korea potentially losing up to 11% of output, India around 8%, Japan around 7%, ASEAN economies up to 5%, while the euro area faces losses of around 3% and the United States is barely affected.
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Origin: first recognised while reading The ECB Maps the Trap, Cracks Form and Bessent Slips Up · 2026-09-11 07:39