IMF: Europe risks 'deeper recessions' on war, prices

WASHINGTON, D.C.: Downturns in parts of Europe could turn into "deeper recessions" across the continent as energy disruptions threaten economic pain, while a cost-of-living crisis risks stoking social tensions, the International Monetary Fund (IMF) said in a report on Sunday (Monday in Manila).

The Washington, D.C.-based multilateral lender's Regional Economic Outlook report on Europe comes as countries grapple with heightened inflation and a worsening energy crisis that has depressed the purchasing power of households and raised business costs.