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.
Read alsoConsumption falters, growth resists
While economists and leaders bet on a fall in economic activity, it is resisting almost everywhere in the world, in the United States, in emerging countries and in the European Union. The Old Continent has however had to face, beyond inflation and the softening of…
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