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The statement reads, "We are increasing our growth prediction for 2023 to 0.5% from 0.2%. There are two reasons for doing this. First, fourth-quarter results exceeded expectations. Second, lower energy prices translate into lower inflation, which lessens pressure on real household earnings and spending."
The 2023 inflation forecast was reduced by Morgan Stanley from 6.4% to 5.4%. "The data are being updated, but not the core narrative. There is a serious recession in the eurozone," note the analysts.
Midway through December, the European Central Bank (ECB) reduced its forecast for eurozone GDP growth in 2023 from 0.9% to 0.5%. The forecast for 2024 stayed at 1.9%.
source: marketscreener.com
The 2023 inflation forecast was reduced by Morgan Stanley from 6.4% to 5.4%. "The data are being updated, but not the core narrative. There is a serious recession in the eurozone," note the analysts.
Midway through December, the European Central Bank (ECB) reduced its forecast for eurozone GDP growth in 2023 from 0.9% to 0.5%. The forecast for 2024 stayed at 1.9%.
source: marketscreener.com