On Friday 15 September in Santiago de Compostela, the finance ministers of the eurozone countries will review the macroeconomic situation in the light of recent macroeconomic data such as the European Commission’s summer economic forecasts (see EUROPE B13247A1).
By reducing its growth forecasts from 1.1% to 0.8% of GDP for 2023, the EU institution is predicting a sharper economic slowdown than envisaged in May, due to the recession that is taking hold in Germany (-0.4% of GDP).
“This...