Hungary is expected to see the greatest GDP output losses in a theoretical scenario whereby Russia would stop natural gas supplies to Europe. The 2022 projection assumes that in a best-case scenario Hungary would see a 1.1 percent loss to its GDP after a 12 month period following the shut-off, whereas a worst-case scenario would be a 6.5 percent loss. The European Union average is estimated to range between -0.4 and -2.7 percent impact on GDP.
Projected GDP output losses twelve months after a theoretical Russian gas supply shut-off in select European countries in 2022, by scenario
* Best-case scenario assumes low adjustment conflict and an integration into the existing LNG market worldwide.
** Worst-case scenario assumes high adjustment conflict and a scenario whereby households would be protected from repercussions.
Worst-case scenario projections were not provided for all countries.
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IMF. (July 19, 2022). Projected GDP output losses twelve months after a theoretical Russian gas supply shut-off in select European countries in 2022, by scenario [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1321467/russian-gas-supply-cut-impact-on-gdp-in-europe/
IMF. "Projected GDP output losses twelve months after a theoretical Russian gas supply shut-off in select European countries in 2022, by scenario." Chart. July 19, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1321467/russian-gas-supply-cut-impact-on-gdp-in-europe/
IMF. (2022). Projected GDP output losses twelve months after a theoretical Russian gas supply shut-off in select European countries in 2022, by scenario. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1321467/russian-gas-supply-cut-impact-on-gdp-in-europe/
IMF. "Projected Gdp Output Losses Twelve Months after a Theoretical Russian Gas Supply Shut-off in Select European Countries in 2022, by Scenario." Statista, Statista Inc., 19 Jul 2022, https://www.statista.com/statistics/1321467/russian-gas-supply-cut-impact-on-gdp-in-europe/
IMF, Projected GDP output losses twelve months after a theoretical Russian gas supply shut-off in select European countries in 2022, by scenario Statista, https://www.statista.com/statistics/1321467/russian-gas-supply-cut-impact-on-gdp-in-europe/ (last visited August 25, 2024)
Projected GDP output losses twelve months after a theoretical Russian gas supply shut-off in select European countries in 2022, by scenario [Graph], IMF, July 19, 2022. [Online]. Available: https://www.statista.com/statistics/1321467/russian-gas-supply-cut-impact-on-gdp-in-europe/