Economy Watch: European View (July 2022)

The Conference Board, Inc., 6 pages, August 26, 2022
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Rapidly worsening energy supply puts the Euro Area growth outlook at risk.

Document Highlights

Economic activity indicators suggest resilient momentum in the first half of 2022, despite the decline in consumer confidence and the sharp fall in Purchasing Manager Indexes in June. In the near term, GDP growth is expected to slow significantly towards near stagnation. The Conference Board downgraded the 2023 Euro Area GDP forecast to 1 percent growth following 2.7 percent growth in 2022.

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