Eurozone economy forecast to shrink – FT ...News

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Eurozone economy forecast to shrink – FT
The region is headed for a “severe recession,” economists polled by the news outlet predict The lingering energy crisis is expected to cause further recession in the Eurozone this year, the Financial Times has reported, citing economists. According to the report, prices in the region will rise by an average of over 6%, and the unemployment rate will increase from the current 6.5% to 7.1% by the end of 2023. High inflation and energy shortages will lead to a further decline in production and worsen the situation in the labor market. Subsequently, by the end of the year, the Eurozone economy will shrink by 0.01%. “G

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