国际股市

EU Cuts Euro-Area GDP Forecast, Sees 7.6% Inflation, Draft Shows

The euro area’s rebound from the pandemic will be weaker than anticipated while inflation will be faster because of Russia’s war in Ukraine, according to draft projections by the European Commission. 

With surging prices crimping demand and the danger of winter energy shortages draining confidence, gross domestic product is likely to advance 2.6% this year and 1.4% in 2023 — down from May predictions for gains of 2.7% and 2.3%, according to new forecasts from the European Union executive arm seen by Bloomberg.