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Post by sevenofnine on Oct 11, 2022 11:15:42 GMT -5
NO KIDDING IMF Bank The euro area's economy is now expected to grow by just 0.5% in 2023 as factors including the war in Ukraine, record inflation and the continued impact of the COVID-19 pandemic weigh on the outlook, the International Monetary Fund said on Tuesday. The 19-country eurozone -- which will grow to 20 members from 1 January 2023 with the adoption of the single currency by Croatia -- is now projected to post the slowest growth of any region worldwide next year after the IMF cut its forecast by 0.7 percentage points from its previous outlook delivered just three months ago. www.euronews.com/my-europe/2022/10/11/the-worst-is-yet-to-come-imf-cuts-global-and-euro-area-growth-outlook
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