Published 16:31 IST, November 11th 2022
EU expects recession to hit Europe as inflation hangs on
The European Union's executive commission slashed its forecast for economic growth next year, saying the 19 countries that use the euro currency will slide into recession over the winter as peak inflation hangs on for longer than expected and high fuel and heating costs erode consumer purchasing power.
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16:31 IST, November 11th 2022