by Sonia Romero
published on Wednesday November 8, 2023 to 15:26 •
5 min read
The International Monetary Fund (IMF) shows some optimism about the European economy, which ultimately does not appear to be heading for disaster. On the other hand, there is a risk that inflation will remain high for some time to come, as will the European Central Bank (ECB) interest rates.
Why is this important?European citizens will have to deal with high consumer prices and high interest rates on loans for many years to come. If the European economy does not go off the rails, one wonders what the smaller-scale long-term consequences of such inflationary pressures will be, with possible social disasters ahead.
In the news: The IMF’s November forecasts for the European economy. “We do not foresee a recession in the eurozone in our forecasts. We expect stagnant growth in 2023 and a weak recovery in 2024,” said Alfred Kammer, director of the IMF’s European department. There’s a lot to think about.
Relatively weak GDP growth
The details: Let’s start with the (cautiously) good news: no collapse in sight for the EU, despite weak growth if
This premium article is exclusive to subscribers
Now read 3 articles for free per month!
Do you think ahead, about the future of tomorrow? Business AM is your guide through change. Don’t follow the facts and be part of Flanders’ fastest growing business website.
Already a subscriber? Log in and get access to all premium articles.
Tags: soft landing crash European economy return normal prices horizon