On Monday 7 November, the Finance Ministers of the euro area will take stock of the macroeconomic situation, which is deteriorating further, and will discuss the budgetary orientation for 2023 at the monetary zone level, which will be enlarged to twenty countries as of January with the arrival of Croatia.
The data points to “increased likelihood of recession around turn of the year”, a European source noted on Thursday 3 November. However, despite record inflation estimated at 10.7% in...