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Added on the 15/05/2023 12:29:12 - Copyright : AFPTV - First images
Paolo Gentiloni, European Commissioner for Economy, announces that the EU is sharply cutting its eurozone growth forecast for 2022 to 2.7 percent as the bloc struggles with skyrocketing energy prices due to the war in Ukraine. 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
The OECD raises its forecast for global growth in 2024, boosted by a dynamic recovery in the United States as the eurozone lags behind. The Paris-based organisation says it now sees this year's global growth at 3.1 percent, up from its February projection of 2.9 percent SOUNDBITE
The EU sharply cut its eurozone growth forecast for 2024, Commissioner for the Economy Paolo Gentiloni says. Gentiloni says the European Commission predicts the single-currency economic area to grow by 0.8 percent in 2024, down from a previous forecast of 1.2 percent. SOUNDBITE
European Central Bank president Christine Lagarde announces that ECB decided to raise its inflation forecasts, with consumer price growth now seen reaching 8.4 percent for 2022 before easing slightly to 6.3 percent next year. By 2024, inflation should average 3.4 percent before reaching 2.3 percent in 2025. SOUNDBITE
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