According to the IMF, the euro area is slowly recovering from the geopolitical crises. “But a lot can still go wrong,” warns the IMF. Guest author Bryan Perry took a closer look at the report.
In view of the many crises, Europe has a long road to recovery ahead of it. That is the summary of the latest economic forecast from the International Monetary Fund (IMF) at the end of last week. The main reason for the downgrade of the euro area is the weak growth in Germany, as well as the weak growth in France. However, the Nordic economies are stronger than expected, which is why the IMF downgrade is only minor.
The IMF has lowered the growth forecast for the euro area by 0.1 percentage points to 1.4 percent this year. Not lush growth, but significantly better than during the energy crisis and record inflation in 2022. According to the IMF, growth in the euro area will pick up, albeit from a very low level.
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