The European Commissioner for the Economy, Paolo Gentiloni, presented, on Thursday 14 July, an interim summer economic forecast downgraded from the spring forecast, mainly due to the consequences of the Russian military aggression against Ukraine, which is exacerbating a pre-existing rise in energy prices.
The Summer Forecast for real gross domestic product growth in 2022 remains unchanged: it was estimated at 2.7% in 2022 in the European Union and 2.6% in the euro area, compared to 2.7% in...