The EU Commission significantly lowers the economic forecast.
Europäischen Kommission voraussichtlich um 4,2% schrumpfen.EU-Kommission langsamer wachsen als zuletzt erwartet. Sie rechnet in diesem Jahr nur noch mit einem Anstieg des Bruttoinlandsprodukts (BIP) um 0,8 Prozent in den 20 Euro-Ländern, wie aus der Sommerprognose hervorgeht.
Frühjahrsprognose überrascht hat.Rezession sieht.
In May, the EU Commission expressed optimism that the effects of high energy prices due to the Ukraine war were largely over. However, the weak consumption indicates that the high and increasing consumer prices for most goods and services are demanding a higher toll than expected in the spring forecast, stated the European Union Commission.
Valdis Dombrovskis, der Vizepräsident der EU-Kommission, erwartet, dass sich nach einer Phase der Schwäche nächstes Jahr ein milder Aufschwung entwickeln wird, „gestützt auf einen starken Arbeitsmarkt, rekordniedrige Erwerbslosigkeit und nachlassenden Preisdruck“.
The economic institutes also lowered their economic forecasts.
According to the EU Commission, the German economy is expected to enter a recession this year, with a projected contraction of 0.4 percent. In May, the Commission had estimated a small growth of 0.2 percent.
Many leading German research institutes have recently predicted a shrinkage of the largest economy in the currency area: The German economy is particularly suffering from high energy costs and the weak global economic environment – especially due to China’s economic weakness. The institutes forecast that the economy will only start growing again in 2025.