European Commission lowers 2023 GDP growth forecast

A growth arrow

The European Commission (EC) lowered its GDP growth forecasts for both the eurozone and the European Union as a whole on November 15.

The EC autumn forecast expects the economy to expand by 0.6% in the single currency union, as well as the entire EU. Both projections are 0.2 percentage points lower than in the summer forecast.

“The European economy has lost momentum this year against the background of a high cost of living, weak external demand and monetary tightening,” says the EC in a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account