https://www.scmp.com/rss/512476/feed Isabella M. Weber, assistant professor of economics at the University of Massachusetts Amherst, is the author of How China Escaped Shock Therapy: The Market Reform Debate. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com What would a stop on Russian gas imports mean for European economies? The question sharply divides economists. Everyone agrees there would be negative consequences, but how bad? Predictions range from a mild recession to economic disaster and mass unemployment. Yet for all the intellectual energy that has been expended estimating the magnitude of potential GDP contractions, much less has been said about how to prepare for gas shortages if Russia takes it upon itself to close the taps. It is... https://www.scmp.com/comment/opinion/article/3176449/can-europe-survive-looming-gas-shortages-russia-halts-supplies?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3176449/can-europe-survive-looming-gas-shortages-russia-halts-supplies?utm_source=rss_feed Wed, 04 May 2022 17:30:25 +0000