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Summer 2023 Economic Forecast: Easing growth momentum amid declining inflation and robust labour market
The European Commission has today presented the Summer 2023 Economic Forecast. The EU economy continues to grow, albeit with reduced momentum. The forecast revises growth in the EU economy down to 0.8% in 2023, from 1% projected in the Spring Forecast, and 1.4% in 2024, from 1.7%. It also revises growth in the euro area down to 0.8% in 2023 (from 1.1%) and 1.3% in 2024 (from 1.6%). Inflation is expected to continue to decline over the forecast horizon. Harmonised index of consumer prices (HICP) inflation is now projected to reach 6.5% in 2023 (compared to 6.7% in the spring) and 3.2% in 2024 (compared to 3.1%) in the ... (full story)
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EU Cuts 2023, 2024 Eurozone Growth Forecasts
— *Walter Bloomberg (@DeItaone) September 11, 2023
EU Sees Eurozone Growth at 0.8% in 2023, Down From 1.1% Previously Forecast
EU Sees Eurozone Growth at 1.3% in 2024, Down From 1.6% Previously Forecast
EU Sees Eurozone Inflation at 5.6% in 2023, Down From 5.8% Previously Forecast…