Eurozone headed for recession – Danske Bank Eurozone Growth Inflation Banks
“Supply-side shocks set the scene for an extended period of high inflation coupled with lacklustre growth. A recession seems difficult to avoid and we expect GDP to decline by 0.9% in 2023, followed by stagnation in 2024.”
“Europe’s biggest fragility stems from the political front, as well as a renewed flaring up of the energy crisis or new COVID-19 outbreaks next winter. Upside risks to the growtharise from pandemic-related private savings buffers, fiscal measures and accelerated investment spending.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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