https://www.europarl.europa.eu/thinktank/da/document/EPRS_BRI(2024)757783Thursday, 24 February 2022 was a turning point in European history. Overnight, Russia launched a brutal war of aggression on Ukraine, an independent European nation. Two years after the start of the war, its negative effects have been far-reaching. In addition to the harrowing human cost of the war, the economic impact has been devastating in Ukraine itself, but also substantial for the European Union and the world more widely. In the EU, the economic recovery following the COVID-19 pandemic has been slower than expected because of the war in Ukraine. The European Commission's 2021 Autumn Forecast predicted 4.3 % growth in gross domestic product (GDP) for the EU for 2022, and 2.5 % for 2023, but growth finally registered at 3.5 % for 2022 and an estimated 0.5 % for 2023. The EU also experienced a severe energy and a cost-of-living crisis in 2022, with ripple effects that are still being felt today. The increasing price of energy resulted in exceptionally high inflation figures in autumn 2022, especially in October 2022. This created difficult framework conditions for both EU citizens and companies. Furthermore, to bring inflation down to the 2 % target level, the European Central Bank began to raise its interest rates, with considerable impact, particularly on citizens and companies with large variable-rate loans.
The unemployment rate in Germany is at 3.2%. Is that what you call big? The German economy is not growing and yet the unemployment rate is low. Other EU economies are doing better and the prices energy prices are back to before the Ukranian war.
Btw, it is not a crisis but a war. People are dying like flies on both sides. Can you inform us how many Russian soldiers have died to free Ukraine from the Nazis?
Adjusted unemployment rate at 3.2% in April 2024
https://www.destatis.de/EN/Press/2024/06/PE24_217_132.html
Already suffering , check their GDP growths after the Ukrainian crisis , check their unemployment rates after the Ukrainian Crisis.