Over the whole of 2022, growth in the euro zone reached 3.5%, which is better than China (3%) and the United States.
The favorable winds are tenuous. But they arrive from various fronts, creating a happy surprise. Without erasing, of course, all the concerns that weigh on the economy of the planet.
A renewed optimism came Monday from the International Monetary Fund (IMF), which revised upwards the outlook for the evolution of global GDP. Growth is expected to reach 2.9% rather than 2.7% in 2023. “The outlook is less gloomy than in our October forecast and could represent a turning point,” summarizes the chief economist Pierre-Olivier Gourinchas. Growth is holding up better than expected to the headline inflation shock, which seems “to have peaked in the third quarter of 2022”, says the IMF.
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