After stronger-than-expected growth in the first half of this year, the European Commission expects a two-quarter technical recession in late 2022 and early 2023 before a moderate recovery from next spring.
“We have some difficult months ahead of us”, said the EU Commissioner for Economy Paolo Gentiloni on Friday 11 November, presenting the EU institution’s autumn economic forecast.
The Commission expects GDP to rise by 3.3% in the EU and 3.2% in the euro area, thanks to the growth...