Geo-economics

EU raises growth forecasts, Turkey faces $85 billion in quake costs and other economy stories you need to read this week

Top economy stories: China plans stimulus measures to boost consumer spending; EU lifts growth forecasts, while forecasting inflation drop; and more.

Top economy stories: China plans stimulus measures to boost consumer spending; EU lifts growth forecasts, while forecasting inflation drop; and more. Image: REUTERS/Johanna Geron

Ian Shine
Senior Writer, Forum Agenda
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The European Commission has raised its economic growth forecasts for 2023. The Commission forecasts that EU inflation will fall to 6.4% this year from 9.2% in 2022.
The European Commission has raised its economic growth forecasts for 2023. The Commission forecasts that EU inflation will fall to 6.4% this year from 9.2% in 2022. Image: European Commission
EU Inflation Forecast: Winter 2023
EU inflation is coming down, but remains high. Image: European Commission/Highcharts.com

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British inflation fell by more than expected in January and there are signs of cooling price pressure in parts of the economy, adding to signs that further large interest rate hikes are unlikely.
British inflation fell by more than expected in January and there are signs of cooling price pressure in parts of the economy, adding to signs that further large interest rate hikes are unlikely. Image: Reuters

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Geo-economicsEconomic ProgressFinancial and Monetary Systems
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US and German GDP show consumers are central to recovery, and other economy stories you need to read this week

Gabi Thesing

May 26, 2023

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