EU
Inflation to peak later and persist for longer, EU forecasts
European Commission has cut the euro-area economy growth forecast for 2023 to 1.4% from 2.3%
Europe’s economy now faces a “significantly slower” outlook as well as a bigger and more enduring cost-of-living shock than just two months ago, the European Commission has said.
Such are the headwinds posed by fallout from Russia’s war in Ukraine that the Brussels-based executive of the European Union shaved almost a whole percentage point off its forecast for 2023 in new projections published today.
The European Commission has cut the euro-area economy growth forecast to ...