>The OECD projected euro zone economic growth would slow from 3.1% this year to only 0.3% in 2023, which implies the 19-nation shared currency bloc would spend at least part of the year in a recession, defined as two quarters of contraction in a row.
>That marked a dramatic downgrade from the OECD’s last economic outlook in June, when it had forecast the euro zone’s economy would grow 1.6% next year.
A change of 1.3% in 3 months. All these estimates will be revised downwards again in a few months.
Hope people are preparing as best they can for the near term future because things are going to get ugly.
What goes up must come down.
*”BuT tHiS wOn’T hApPeN”*
Least it won’t be ghost estates this time, just large lumbering empty office blocks.
2 comments
>The OECD projected euro zone economic growth would slow from 3.1% this year to only 0.3% in 2023, which implies the 19-nation shared currency bloc would spend at least part of the year in a recession, defined as two quarters of contraction in a row.
>That marked a dramatic downgrade from the OECD’s last economic outlook in June, when it had forecast the euro zone’s economy would grow 1.6% next year.
A change of 1.3% in 3 months. All these estimates will be revised downwards again in a few months.
Hope people are preparing as best they can for the near term future because things are going to get ugly.
What goes up must come down.
*”BuT tHiS wOn’T hApPeN”*
Least it won’t be ghost estates this time, just large lumbering empty office blocks.