Parts of Europe are already in a recession however I do not feel the genuine depth of the possible decline is even close. It looks like Europe is the sickest of the developed vintage, I hope it all ends well.
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How can you call it growth, when inflation is above GDP increase?
It‘s just a growth of numbers, but not of wealth. So it‘s the opposite, it‘s a decline.
GDP growth is always reported net of inflation, in real terms. Of course, the measure of inflation itself has a certain degree of uncertainty, if not manipulation.
@@paolovita1720 I know, just wanted to point out, that even the biased forecast doesn‘t expect any actual growth, not even a tiny one, but it actually expects a real decline.
Outlook graphic says 2024 but commentary says ” for the coming year “.
All Europe needs is a few million syrian doctors and somali engineers and then everything will be fine, I mean after all just look at Syria and Somalia.