Headwinds intensify, EU cuts economic growth forecasts – Xinhua English.news.cn

According to Xinhua News Agency, the European Commission released a winter forecast report on the 10th, predicting that the EU and the euro zone economy will both achieve 4.0% growth in 2022, and the economic growth rate will slow to 2.8% and 2.7% respectively in 2023. . Previously, the European Commission had expected the EU economy to grow by 4.3% in 2022.

The report said that the EU economy still faces great risks and uncertainties, and the economic growth headwinds are increasing, especially due to the surge in confirmed cases of new crowns, high energy prices and continuous supply chain disruptions, the growth rate has slowed down significantly. In the fourth quarter of last year, the EU economy grew by only 0.4% quarter-on-quarter, far below the previous two consecutive quarters of more than 2% growth.