The European Union's executive branch has raised its economic growth forecast for the year, saying Europe will narrowly avoid a recession and has already passed its inflation peak as natural gas prices fall from astronomical highs. But the European Commission warned Monday that the high prices plaguing consumers will keep holding back the economy for months to come. Growth for 2023 should reach 0.8 per cent for the 20 EU countries that use the euro currency, the commission said in its winter economic outlook. That is an increase from 0.3 per cent expected in the last outlook from November. For the broader 27-nation bloc, growth was estimated at 0.9 per cent, also up from 0.3 per cent. Gettin
Hence then, the article about eu forecasts economic growth for the year but inflation still painful was published today ( ) and is available onBusiness Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( EU forecasts economic growth for the year, but inflation still painful )