European countries expect slow economic growth and sustained high inflation in the short term. This estimate was made by Alfred Kammer, Director of the International Monetary Fund (IMF) Europe Department. Wrote TASS.
“Inflation is consistently high. Double-digit numbers in most developing countries in Europe and some developed economies. Energy prices have fallen, but prices for other household expenditures continue to rise rapidly,” he said.
According to him, the average consumer price increase in developed European countries in 2023 will be around 5.6%.
The IMF expects the growth rate of the economies of developed European countries to decline from 3.6% in 2022 to 0.7% in 2023. However, by 2024, this figure should increase to 1.4%.
at the IMF earlier this week. estimated Worst economic performance in the UK in 2023 compared to other G7 countries (England, Germany, Italy, Canada, France, Japan and the USA).