European Economic Forecast. Autumn 2023
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The European economy has
lost momentum this year against the background of a high cost of living,
weak external demand and monetary tightening. While economic activity
is expected to gradually recover going forward, the European
Commission’s Autumn Forecast revises EU GDP growth down compared to its
summer projections. Inflation is estimated to have dropped to a two-year
low in the euro area in October and is set to continue declining over
the forecast horizon. (...)
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