Several political leaders spoke, on Monday 16 January, of positive signs that the euro area will not go into recession in 2023, despite the repercussions for the European Union of Russia’s military aggression in Ukraine, such as abnormally high energy prices.
“Inflation may have peaked”, by the end of 2022, noted the European Commission Executive Vice-President, Valdis Dombrovskis.
After reaching 10.6% in October, price inflation has since fallen to 10.1% in November and 9.2% in...