According to him, the economic recovery of the European Union is much slower than expected.
“We barely avoided a recession in the fourth quarter. Following a strong recovery from the [coronavirus] pandemic, the European economy barely expanded in 2023: growth in the EU and eurozone is estimated at 0.5%, which is even slightly lower than in our autumn forecast,” TASS quotes him.
Earlier, the National Statistical Office (ONS) of Great Britain prepared a report from which it follows that the British economy has entered a technical recession.