The European Commission raised its economic growth forecast on Monday (15 May), saying that lower energy prices and a strong labour market would help the bloc narrowly evade a recession.
The growth outlook for this year is lifted to 1.0 percent in the Spring Economic Forecast for 2023, slightly above the 0.8 percent projected in February.
"As lower energy prices continue to provide relief to hous...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login