EU Lowers Growth Forecasts And Expects Higher Inflation

Euronews: EU slashes growth forecast and predicts prices will rise faster than thought this year

The war in Ukraine is severely curtailing the European Union's economic rebound from the COVID-19 pandemic with this year's growth forecast sharply revised down, the European Commission warned on Monday.

It lowered its economic growth forecast for the eurozone in 2022 by 1.3 points to 2.7% and increased its inflation forecast by 3.5 points to 6.1%. Inflation for the whole of the EU is meanwhile expected to reach 6.8% this year.

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WNU Editor: This is an understatement .... Europe’s Economic Outlook Is Looking Bleaker By The Day (OilPrice.com).

EU Lowers Growth Forecasts And Expects Higher Inflation

EU growth forecast cut as war in Ukraine fuels inflation -- The Guardian

EU lowers economic growth expectations amid Ukraine war -- DW

The EU says the bloc will likely enter a recession if Russian gas is cut off or even if supplies keep flowing -- Business Insider

EU slashes forecast for economic growth as war’s fallout deepens -- Al Jazeera

EU issues dire economic forecast -- RT

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