CLEAN : Losing Russian energy would weigh on Europe's economy: IMF official

The video discusses Europe's ability to handle a gas shut off by using alternative supplies and storage for the first six months. It highlights the importance of long-term energy solutions, including consumer actions and sourcing from countries like Norway and Algeria. The impact of refugees on the European labor market is analyzed, noting potential benefits and challenges. Economic forecasts suggest a setback due to the Ukraine war, but not a derailment of recovery, with weak growth expected in major economies except Spain.

What is one of the strategies Europe is using to handle a potential gas supply shut off?

• Increasing coal production

• Relying solely on Norway

• Importing more oil

• Using existing storage and alternative supplies

How can consumers contribute to mitigating the effects of a gas supply cut off?

• By switching to electric vehicles

• By reducing energy consumption to store more gas

• By increasing their energy consumption

• By using more coal

What potential benefit does the integration of refugees offer to European economies?

• Decreased cultural diversity

• A boost in labor supply

• Increased demand for housing

• Higher unemployment rates

What is the primary reason for the economic downgrades in Europe?

• A decrease in manufacturing

• An increase in taxes

• The impact of the war in Ukraine

• A decline in tourism

What is the expected economic growth trend for major European economies in 2022?

• Rapid recovery

• Zero or slightly negative growth

• Strong positive growth

• Consistent negative growth