Author (Corporate) | European Commission: DG Economic and Financial Affairs |
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Publisher | Publications Office of the European Union |
Series Title | European Economy: Institutional Papers |
Series Details | Number 183 |
Publication Date | July 2022 |
ISBN | 978-92-76-43951-6 |
ISSN | 2443-8014 |
EC | KC-BC-22-020-EN-N |
Content Type | Report |
Summary:The European Commission published on 14 July 2022 its Summer economic forecast for the European Union (EU) and the Eurozone. Further information:The Summer 2022 Economic Forecast shows that the war in Ukraine continue to negatively affect the economy of the European Union (EU), setting it on a path of lower growth and higher inflation compared to the previous forecast. This forecast projects that the EU economy would grow by 2.7% in 2022 and 1.5% in 2023. Growth in the euro area was expected at 2.6% in 2022, moderating to 1.4% in 2023. Annual average inflation was projected to peak at historical highs in 2022, at 7.6% in the euro area and 8.3% in the EU, before easing in 2023 to 4.0% and 4.6%, respectively. |
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Source Link |
https://economy-finance.ec.europa.eu/publications/european-economic-forecast-summer-2022_en
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Subject Categories | Economic and Financial Affairs |
Subject Tags | Economic Governance | Situation |
International Organisations | European Union [EU] |