On Monday 11 September, the European Commission revised downwards its growth forecasts for the euro area, to 0.8% of GDP in 2023 and 1.3% in 2024, and for the European Union, to 0.8% of GDP in 2023 and 1.4% in 2024, compared with the spring, due in particular to the recession - a fall in German GDP of 0.4% - that Germany is expected to experience this year.
The European Commissioner for Economy, Paolo Gentiloni, began by pointing out that the EU as a whole had avoided recession last winter...