On the 13th, the European Commission, which is the executive body of the EU, revised the forecast for the economic growth rate of the euro area to 0.9% from the previous forecast in November, and the view that the economic recession that was worried about will be avoided. showed.
According to the economic outlook announced by the European Commission once every three months, the economic growth rate of the euro zone, which is made up of 20 countries such as Germany and France, has been revised upward by 0.6 points from the previous forecast in November. , was 0.9%.
It is said that the economic outlook of households and companies has improved because the price of natural gas, which was a major factor in the price rise, has fallen significantly to the level before Russia's invasion of Ukraine due to suppressed demand and a warm winter.
European Commissioner Gentiloni said, ``The recession we predicted last fall is barely avoidable.''
In addition, the outlook for the inflation rate for this year was lowered from 6.1% as of November last year to 5.6%, pointing out that the inflation rate seems to have passed its peak.
However, he said headwinds to the European economy continued, with prices still high and the war in Ukraine continuing.