EU Commission increases 2023/24 EZ Inflation and GDP forecasts

• 
  EU VP Dombrovskis: "Core inflation remains persistently high, which could erode people’s purchasing power, slow investment growth and impede access to credit. To keep inflation in check, it is vital to make sure fiscal policy remains prudent, and to maintain the momentum of reforms and investments"


• 
  EU Economy Commissioner Gentiloni: "The European economy is in better shape than we projected last autumn" and "Inflation has proved stickier than expected but it is forecast to decline gradually over the remainder of 2023 and in 2024"

GDP

• 2023: 1.1% (prev. 0.9%)


• 2024: 1.6% (prev. 1.5%)

Inflation

• 2023: 5.8% (prev. 5.6%)


• 2024: 2.8% (prev. 2.5%)

Unemployment

• 2023: 6.8%


• 2024: 6.7%

via EU Commission

15 May 2023 - 09:00- Fixed IncomeData- Source: Newswires