EY European Economic Outlook: European economy shows resilience but the recovery will be sluggish

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Euro area economic growth surprised on the upside, with stagnant GDP in Q4 2022 and likely modest growth in Q1 2023, quelling previous expectations of an imminent recession. Inflation has passed its peak (10.6% in October 2022) and begun to decelerate, driven by falling energy prices and base effects. In coming quarters, declining inflation will […]

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