Tuesday, December 6, 2022

EU Commission expects less growth

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The economy of the EU and the euro countries will only grow by 2.7 percent this year instead of the previously expected 4 percent, according to the spring forecast presented by the EU Commission on Monday. The forecast for inflation in the euro countries in 2022 has almost doubled to 6.1 percent.

The authority had already had to adjust its forecasts in its winter forecast in February due to high energy prices and the omicron wave, among other things. The war in Ukraine and the persistently high prices for energy and other raw materials continue to exert pressure, the commission said. There were also war-related disruptions in the supply chains.

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