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Added on the 13/02/2023 10:37:39 - Copyright : AFPTV - First images
The EU warns the eurozone is expected to fall into recession this winter as soaring energy prices batter the wallets of consumers around the continent. "The outlook for next year has weakened significantly and we now forecast the EU economy to grow by only 0.3 percent in 2023 before a progressive recovery to 1.6 percent in 2024" the European Commissioner for Economy, Paolo Gentiloni says. SOUNDBITE
European Central Bank President Christine Lagarde warns that the eurozone could fall into recession next year in the case of a total shutdown of Russian gas supplies. The "downside scenario" for 2023 foresees negative growth in the case of a "total shutdown of all Russian gas supply" and energy rationing in the eurozone, she said, after the ECB unleashed a record rate hike. SOUNDBITE
The United States has only a slim chance of avoiding an economic downturn given the many risks it faces, the IMF says. "It's a very narrow path," says IMF chief economist Pierre-Olivier Gourinchas. (COMPLETES VIDI32FH3FK_EN and VIDI32FH2YE_EN) SOUNDBITE
UN Secretary-General Antonio Guterres's spokesman calls for all sides to "refrain from acts that could escalate tensions in the region" amid China's military drills around Taiwan. "On China, I can tell you that we're of course following the developments in the Taiwan Straits closely. We urge the relevant parties to refrain from acts that could escalate tensions in the region," Stephane Dujarric tells a press conference at the UN headquarters in New York. SOUNDBITE
The EU says it predicts lower inflation in the eurozone in 2024 than previously forecast despite global uncertainties, reaching near-touching distance of its two percent target in 2025. "Inflation has declined further since the start of the year and is set to continue easing, reaching the ECB’s target in the second half of 2025," EU Economy Commissioner Paolo Gentiloni says. SOUNDBITE
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