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🍃 Spring 2023 : The contribution of energy to headline inflation is set to wane, while services inflation remains high.

Inflation of food (processed & unprocessed) and manufactured goods is expected to have peaked in 2023-Q1. 📉

More info ➡️ europa.eu/!wcrrcf

🐦🔗: n.respublicae.eu/ecfin/status/

🍃 Spring 2023 : The labour market remains resilient against economic slowdown. The 🇪🇺 EU unemployment rate hit a new record low of 6% in March 2023, while growth of hours worked outpaced employment growth in 2022.

More details ➡️ europa.eu/!wcrrcf

🐦🔗: n.respublicae.eu/ecfin/status/

“The European economy has avoided a recession.”

Commissioner @PaoloGentiloni at the press conference for the 🍃 Spring 2023

ℹ️ Full forecast ➡️ europa.eu/!wcrrcf

🐦🔗: n.respublicae.eu/ecfin/status/

The🍃 Spring 2023 : Public deficits are set to decrease to 3.1% of GDP in 2023 and 2.4% in 2024. Falling energy prices should allow governments to phase out energy support measures, driving deficit reductions.

Read more ➡️ europa.eu/!wcrrcf

🐦🔗: n.respublicae.eu/ecfin/status/

The🍃 Spring 2023 : Inflation has been revised upwards compared to the winter, to 5.8% in 2023 and 2.8% in 2024 in the 💶 euro area.

Core inflation is proving persistent but set to gradually decline. 📉

More details ➡️ europa.eu/!wcrrcf

🐦🔗: n.respublicae.eu/ecfin/status/

The 🍃 Spring 2023 lifts the growth outlook for this year to 1.0% in the EU 🇪🇺 (1.1% in the 💶area) due to lower energy prices, dispelling fears of a recession.

📖 Read the full forecast ➡️ europa.eu/!wcrrcf

🐦🔗: n.respublicae.eu/ecfin/status/

🗓️ Save the date: The🍃 Spring 2023 Economic Forecast is coming up 🔜 on 15 May!

📺 Follow it LIVE on the day → europa.eu/!b9G3xJ

🐦🔗: n.respublicae.eu/ecfin/status/

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