Connect with us

World

2023: Europe's year explained in charts and data

Published

on

2023: Europe's year explained in charts and data

Dampened economic prospects, two raging wars and extreme weather events have all deeply affected Europe in 2023.

ADVERTISEMENT

Whilst the cost of living crisis showed signs of abating in 2023 as inflation figures cooled, economies considered amongst Europe’s most resilient came under immense pressure due to the impact of inflation on consumer spending.

2023 also saw far-right parties make small but solid gains across the continent, building momentum ahead of the 2024 European elections.

July, the hottest year on record, brought with it extreme wildfires to southern Europe. The bloc has since started to increase its aerial firefighting fleet in preparation for increasingly scorching summers.

Euronews takes a look at Europe’s year in 2023 through data.

Cost of living crisis cooled

After prices sky-rocketed in 2022 amid the energy crisis brought about by Russia’s invasion of Ukraine, 2023 saw inflation cool across the continent.

Advertisement

Whilst the Czech Republic, Hungary, and Slovakia continued to grapple with high consumer prices until the year’s end, inflation across the bloc’s 27 member states fell three-fold from an average 9.9% in February to 3.1% in November.

The drop was driven by a particularly steep decrease in the cost of energy, which fell 11.5% year-on-year in the euro area in November 2023, the biggest decline since 2020.

A consistent decrease in food prices also brought some respite to consumers, after the surge in the prices of household staples in 2022.

Economies came under pressure

But stubbornly high inflation throughout 2022 and early 2023 took its toll on Europe’s economies, with tightened belts curbing consumption and investments.

The 19-country euro area entered a technical recession in June after two consecutive quarters of decline, driven by soaring energy prices. It continued to contract in the third quarter, while the European Union’s economy stagnated.

Advertisement

The downturn was driven by disappointing economic performance in Europe’s industrial powerhouse, Germany. According to its government’s estimations, Germany’s economy is expected to shrink by 0.4% in 2023, while the EU executive foresees a slightly smaller contraction of 0.3%.

Far-right slowly gained ground

2023 saw Europe’s far-right make small but solid gains, gaining momentum that could translate into electoral success in key elections taking place in 2024.

Germany’s Alternative for Germany (AfD) won a historic local election victory in the in the central state of Thuringia in June and its first mayoral election in a city in December.

Geert Wilders caught many in Europe off guard when he snatched a surprise electoral victory in November’s Dutch election, leaving him in pole position in ongoing coalition government talks.

With support on the rise in countries such as France and Austria, far-right parties could be eyeing important gains in next June’s European elections.

Advertisement

Europe boiled

July was the hottest month the world has ever seen, pushing the average global sea temperature up to a new record of 20.98ºC. 

Spain saw sea temperatures reach a scorching 31.21ºC in Dragonera, the Balearic islands.

With the scorching heat came devastating wildfires. The largest wildfire ever recorded in the EU raged in north-eastern Greece in August, as the EU mobilised half of its aerial firefighting fleet to contain the blaze.

World

US Says It Struck Vessel in Caribbean, Killing Three Men

Published

on

US Says It Struck Vessel in Caribbean, Killing Three Men

The U.S. military said on Monday that it struck a vessel in the Caribbean, killing three men, the latest such incident in recent months.

President Donald Trump’s administration has touted its success at taking out suspected drug trafficking vessels in the area.

The military said in a post on X the vessel was “engaged in narco-trafficking operations.”

Reuters could not immediately verify the information.

Advertisement

(Reporting by Ryan Patrick Jones and Costas Pitas; Editing by Doina Chiacu)

Continue Reading

World

Putin puts ‘nuclear triad’ on fast track, Zelenskyy claims ‘World War 3’ underway

Published

on

Putin puts ‘nuclear triad’ on fast track, Zelenskyy claims ‘World War 3’ underway

NEWYou can now listen to Fox News articles!

President Vladimir Putin said the development of Russia’s nuclear triad was an “absolute priority” Monday as he outlined the country’s stance on its weapons program, according to reports.

Marking Russia’s Defender of the Fatherland Day, the Russian leader spoke about strengthening the country’s nuclear capabilities before presenting state awards to officers involved in the invasion of Ukraine, the Moscow Times reported.

In his speech, Putin referred to the Russian nuclear triad, which is the country’s three-pronged system for delivering nuclear weapons, designed to ensure a credible second-strike capability. 

Putin described its development as “an absolute priority,” saying that it “guarantees Russia’s security and ensures effective strategic deterrence and a balance of forces in the world.”

Advertisement

President Vladimir Putin declares Russia’s nuclear triad development an “absolute priority” on Defender of the Fatherland Day, emphasizing strategic deterrence capabilities. ( Contributor/Getty Images)

Putin also emphasized his country would continue to strengthen its army and navy, “taking into account developments in the international situation, based on combat experience gained,” amid the Russia-Ukraine war.

He added that Russia would also “significantly” enhance the capabilities of other branches of the armed forces, increasing their combat readiness, mobility, and ability to operate in all conditions, even the most challenging.

“And, of course, we will accelerate the development of advanced systems for the armed forces,” he added.

Putin’s remarks came after Russia suspended its participation in the New START Treaty on Feb. 5, 2023, the last remaining nuclear arms control agreement between Moscow and Washington.

Advertisement

RUSSIA FIRES NEW HYPERSONIC MISSILE IN MASSIVE UKRAINE ATTACK, KREMLIN SAYS

Ukrainian President Volodymyr Zelenskyy warns the Russian leader has launched “World War III.”

The treaty limited the number of deployed strategic nuclear warheads and delivery systems each country could have.

Russian officials have said they will continue to take a “responsible” approach to managing their strategic nuclear arsenal and would respect previously established limits.

Putin’s announcement came after Ukrainian President Volodymyr Zelenskyy warned that the Russian leader had effectively launched “World War III” with his invasion of Ukraine four years ago.

Advertisement

“I believe that Putin has already started it. The question is how much territory he will be able to seize and how to stop him… Putin will not stop at Ukraine,” Zelenskyy told the BBC in an interview Feb. 23.

RUSSIA SHIFTS FROM TALK TO ACTION, TARGETING NATO HOMELAND AMID FEARS OF GLOBAL WAR

Smoke rises over the Kyiv skyline after a Russian attack, Monday, July 8, 2024. Russian forces launched multiple ballistic and cruise missiles against Ukrainian targets on Monday, Ukraine’s air force said, with explosions felt and heard across the capital, Kyiv. (AP Photo/ Evgeniy Maloletka)

Zelenskyy described the war as part of Putin’s broader attempt to impose a “different way of life” on the world.

“Stopping Putin today and preventing him from occupying Ukraine is a victory for the whole world,” he said.

Advertisement

However, when asked about the possibility of ceding the embattled Donbas region to Moscow as part of a peace deal, he warned that Russia would likely rebuild its military strength within “no more than a couple of years” and launch another invasion.

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

“Where would he go next? We do not know, but that he would want to continue [the war] is a fact,” Zelenskyy said.

Related Article

Zelenskyy claims US gave Ukraine and Russia a deadline to reach peace agreement
Continue Reading

World

Exclusive: European Parliament rejects minute of silence for French nationalist student

Published

on

The death of Quentin Deranque has provoked intense political reactions in France and abroad, only weeks before local elections in which both the far left and the far right are expected to make substantial gains. A commemoration could still be held in the EU Parliament’s next plenary.

Continue Reading

Trending