The ECB reports a slow, uneven recovery for the eurozone economy, predicting 0.5% annual growth this year.
The European Central Bank (ECB) reports a slow, uneven recovery for the eurozone economy, based on a survey of 57 leading firms. The economy has been stagnant for six quarters, with annual growth predicted at 0.5% this year, and may return to trend in 2023. Consumer confidence has improved slightly, but retail and food sectors remain pessimistic. Investments are weak, and employment outlook is poor with limited recruitment needs and cost containment measures.
April 12, 2024
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