The US have figured out how to "milk" Europe for its own whim

Alexey Gromov, Principal Director on Energy Studies of the Institute for Energy and Finance, commented to the PRIME Economic Information Agency on the inflation risks in the US and Europe in 2023.

Alexey Gromov admits that 5% inflation in the EU is a rather optimistic estimate. Further developments in the European economy will depend on the stability of energy supply, the expert points out.

“At the same time, any force majeure, and their risks in the current situation, including explosions at Nord Stream, are increasing, will cross out forecasts for inflationary expectations in Europe,” he argues.

Gromov also recalls that investors in the event of financial instability in the world often run into the dollar, that is, they try to wait out a period of uncertainty and increased risks by converting their funds into US currency, which is considered to be a relatively more reliable asset.

Currently, there is an "exodus" from European assets, primarily German, to American ones, he argues. The flow of European investment to the United States, according to the expert, has already exceeded the outflow of Chinese funds from the United States.