SniperFx

Archives

  • March 2023
  • February 2023
  • January 2023
  • September 2022
  • August 2022
  • January 2022
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Analysis
  • Bonds
  • COVID
  • Crypto
  • Forex
  • Forex Trading
  • Ideas
  • Investing
  • Stocks
  • Uncategorized
  • World
  • Home
  • Forex
  • Crypto
  • Contact
0 Likes
0 Followers
0 Followers
Subscribe
SniperFx
SniperFx
  • Bonds
  • Crypto
  • COVID
  • Forex
    • Forex Trading
  • Ideas
  • Investing
  • Stocks
  • World

EU Commission revises up 2023 Eurozone GDP forecast, inflation projection lowered

  • admin
  • February 13, 2023
  • 1 minute read
Total
0
Shares
0
0
0

In its quarterly publication released on Monday, the European Commission revised upwards its economic growth forecast for the Eurozone to 0.9% in 2023 from 0.3% previously, projecting 2024 growth unchanged at 1.5%.

Additional takeaways

Eurozone to avoid earlier exepcted technical recession with 0.1% QoQ growth in Q4 2022 and 0.0% QoQ in Q1 2023

Uncertainty surrounding the forecast was high, but risks to growth were broadly balanced.

Domestic demand could turn out higher than projected if the recent declines in wholesale gas prices pass through to consumer prices more strongly and consumption proves more resilient.

Nonetheless, a potential reversal of that fall cannot be ruled out in the context of continued geopolitical tensions.

EU Commission lowers its Eurozone inflation forecast for 2023 to 5.6% YoY from 6.1% expected earlier, sees inflation of 2.5% in 2024, down from the previous forecast of 2.6%.

This forecast crucially hinges on the purely technical assumption that Russia’s aggression of Ukraine will not escalate but will continue throughout the forecast horizon.

The German economy will grow slightly this year, revising upwards its previous forecast for a 0.6% contraction. Growth is expected to rebound to 1.3% in 2024.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
admin

Previous Article

Analysis In China, Tesla could win electric vehicle price battle – but lose the war

  • admin
  • February 13, 2023
View Post
Next Article

GBPUSD trades with modest losses around mid-1.2000s, lacks follow-through selling

  • admin
  • February 13, 2023
View Post
You May Also Like
View Post
  • Forex

EUR/USD comes under pressure near 1.0850

  • admin
  • March 29, 2023
View Post
  • Forex

EURUSD climbs to 2-day highs around 1.0830

  • admin
  • March 28, 2023
View Post
  • Forex

USDCAD Gains beyond 1.385060 remain questionable but are not entirely excluded – Scotiabank

  • admin
  • March 27, 2023
View Post
  • Forex

GBPUSD Price Analysis Shows some resilience below 1.2200, 50 DMA holds the key for bulls

  • admin
  • March 26, 2023
View Post
  • Forex

EURUSD Seen at 1.05 in three months – Rabobank

  • admin
  • March 25, 2023
View Post
  • Forex

GBPUSD A test of 1.25 in the coming days is looking quite likely – ING

  • admin
  • March 23, 2023
View Post
  • Forex

EURUSD extends the rally and flirts with 1.0800 ahead of Fed

  • admin
  • March 22, 2023
View Post
  • Forex

NZDUSD NZ’s remoteness to instability still makes it one of the “cleaner dirty shirts” – ANZ

  • admin
  • March 21, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Taiwan president defiant after China threatens retaliation for US trip
  • Adidas retracts opposition to Black Lives Matter three-stripe design
  • XRP Price Prediction What to Expect in the Next 48 Hours
  • HelenP. I Euro break resistance 1.0800 and can continue to grow
  • Concerns about insufficiently decisive Riksbank would put SEK under downward pressure – Commerzbank

Recent Comments

No comments to show.
Featured Posts
  • 1
    Taiwan president defiant after China threatens retaliation for US trip
    • March 29, 2023
  • 2
    Adidas retracts opposition to Black Lives Matter three-stripe design
    • March 29, 2023
  • 3
    XRP Price Prediction What to Expect in the Next 48 Hours
    • March 29, 2023
  • 4
    HelenP. I Euro break resistance 1.0800 and can continue to grow
    • March 29, 2023
  • 5
    Concerns about insufficiently decisive Riksbank would put SEK under downward pressure – Commerzbank
    • March 29, 2023
Recent Posts
  • EUR/USD comes under pressure near 1.0850
    • March 29, 2023
  • Crypto Trader Firmly Believes ADA’s Next Target Could Be $0.60
    • March 29, 2023
  • Game-Changer Nasal Spray A Universal Shield Against All COVID-19 Variants
    • March 29, 2023
Categories
  • Analysis (12)
  • Bonds (50)
  • COVID (77)
  • Crypto (69)
  • Forex (85)
  • Forex Trading (50)
  • Ideas (50)
  • Investing (50)
  • Stocks (93)
  • Uncategorized (40)
  • World (199)
SniperFx
  • Home
  • Forex
  • Crypto
  • Contact
Forex & Crypto Updates

Input your search keywords and press Enter.