Economics
EU Cuts Euro-Area GDP Forecast, Sees 6.1% Inflation, Draft Shows
- Draft outlook sees growth at 2.7% in 2022, 2.3% in 2023
- Euro-area inflation rate seen at 6.1% in 2022, 2.7% in 2023
Workers push a pallet loader filled with sacks of carrots in Porto, Portugal.
Photographer: Eduardo Leal/BloombergThis article is for subscribers only.
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The European Union cut its prediction for 2022 euro-area growth and almost doubled its estimate for inflation, according to new draft projections.