Investing.com -- Europe's economy is nearing a critical point as renewed energy inflation, slowing manufacturing activity and limited fiscal support raise the risk of a technical recession, according to BCA Research. Dutch TTF natural gas prices have more than doubled since the beginning of the year, with fertilizer shortages and a strong El Niño threatening further food-price pressure. European gas prices peaked at €62 per megawatt-hour, compared with €339 in August 2022, without an outright supply shortage. A resilient global manufacturing cycle and AI-related investment are supporting European capital-goods producers. Related articlesCan Europe avoid a recession?