Skip to Content

Europe’s outlook for economic growth brightens — a little

elisfkc2 / Flickr / CC BY-SA 2.0

FRANKFURT, Germany (AP) — The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis. But stubbornly high inflation is likely to keep hurting the economy by sapping people’s ability to spend. In a spring forecast Monday, the European Commission says it expects improved economic growth of 1.1% this year. That’s up from 0.9% in the commission’s previous predictions in February. But the European economy faces persistent challenges from inflation and rising interest rates that the European Central Bank is unleashing to try to tame spikes in consumer prices.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KRDO NewsChannel 13 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content