EU predicts brighter economic outlook with faster growth and lower energy prices.
TL;DR Summary
The European Union has upgraded its outlook for the economy as energy prices retreat. The EU now expects the economy to grow by 4.8% this year, up from its previous forecast of 4.3%. The upgrade is due to a rebound in consumption and investment, as well as a decline in energy prices.
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- U.S. economy will escape recession, new European Commission forecast says MarketWatch
- Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes The Hill
- European economy expected to grow faster than forecast, says EU The Guardian
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