Conflict casts shadow on EU economy

The spillover effects of the Russia-Ukraine conflict continue to weigh on the European Union's economic recovery, dragging down its performance in manufacturing, consumption and investment, experts say.

Following a prolonged stagnation, the EU's real GDP growth is expected to reach 0.9 percent for last year, signaling a "subdued, yet steady "growth pace, according to the European Commission's Autumn Forecast released in November.

However, the report said the future remains "highly uncertain", with risks largely tilted to the downside.