On Friday 16 June, the International Monetary Fund (IMF) published its concluding statement on the 2023 mission on common policies for EU Member States. The financial institution notes that the euro area economy has proved resilient, despite Russia’s invasion of Ukraine, but also stresses that uncertainty remains high in terms of growth and inflation.
“The economy entered a mild technical recession at the start of 2023 and economic activity will only pick up very gradually in the...