<ul><li>Euro area growth in 2023 likely to be 0.9% (up from 0.3% previously in November)</li><li>To avoid the supposed earlier technical recession</li><li>Sees Q4 2022 GDP at 0.1% q/q, Q1 2023 GDP at 0.0%</li><li>Euro area inflation in 2023 seen at 5.6% (down from 6.1% previously)</li><li>Euro area inflation in 2024 seen at 2.5% (down from 2.6% previously)</li></ul><p style=““ class=“text-align-justify“>On the forecasts, the European Commission did point out that uncertainty remains high but risks to growth are seen as being more „broadly balanced“ – something which the ECB also used in its language earlier this month.</p>

This article was written by Justin Low at www.forexlive.com.