Pantheon Macroeconomics
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20th Jul 2022 15:05Eurozone, Daily Monitor
Russian gas will soon flow to Europe again, but at a severely reduced rate; a full shutdown remains likely.
The IMF estimates that Europe will be short some 50bcm gas if Russian supplies are halted, at best.
Only demand compression, via higher prices and or rationing, solves this problem; it will sting.
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