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Added on the 16/05/2022 11:30:22 - Copyright : AFPTV - First images
The European Central Bank slashes its growth outlook for the eurozone to 2.8 percent in 2022 and 2.1 percent in 2023, as Russia's invasion of Ukraine wreaks havoc on the world economy. SOUNDBITE
The International Monetary Fund revises its eurozone growth forecast for 2022 "downward by 1.1 percentage points" from its January estimate, to 2.8 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE
The European Commission warns uncertainty is still elevated, with the economy dependent on Russia's war in Ukraine and tight energy markets.
The Ukraine war and the disruption of energy and food markets continue to increase inflationary pressures.
Brussels has been giving its economic forecast today.