IARN — The global economy is quite messy right now and it is affecting all facets of people’s lives. Most western economies are taking steps to fight inflation and the consensus is that we will likely face some kind of recession. As much as we lament our situation in the United States, our friends across the Atlantic seem to have things worse. Not only are they facing inflation, but geopolitical problems in the Black Sea have them in an energy crunch as well.
Dr. Al Mussell is a research lead at Agri-Food Economic Systems, and he says Europe is already facing smaller harvests of food crops because of their situation.
For more on this story visit the Iowa Agribusiness Radio Network.
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