Posted in FINANCE Europeans Cut Back on Spending, Pointing to Recession Ahead December 5, 2022 In contrast to the U.S., retail sales in Europe fell sharply as consumers were hit by significantly higher heating and electricity bills. https://www.wsj.com/articles/europeans-cut-back-on-spending-pointing-to-recession-ahead-11670234545?mod=pls_whats_news_us_business_f