Morgan Stanley expects the bloc’s GDP to drop through 2023 Morgan Stanley has slashed its forecast for the EU’s GDP in 2022 and 2023, saying a slowdown in the bloc’s economic growth is imminent amid geopolitical pressure. In a note published on Monday, the financial institution said it had lowered its 2022 euro area GDP growth forecast to 2.7% from the previous 3%. It has also cut the growth forecast for the European economy in 2023 by a full percentage point, from 2.3% to 1.3%. “Despite the resilience in economic activity shown so far against geopolitical headwinds, we think more material impacts will show in the
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