Germany, Europe’s largest economy and one of Portugal’s largest economic partners, is expected to sink into a real recession of 0.7% next year, and major European and other economies are headed for stagnation, the economic outlook shows . of the Organization for Economic Co-operation and Development (OECD), announced this Monday.
This year, Germany would only grow 1.2% and in 2023 the economy will lose 0.7%. The other major European economies, on which Portugal is also heavily dependent, will be swept away by the current inflation and energy crisis.
According to the OECD, France, the second-largest European economy, will grow a meager 0.6% in 2023, Italy will almost stagnate (plus 0.4%) and Spain should not go beyond 1.5% of its share next year. real growth.
The eurozone as a whole is expected to grow at a marginal 0.3%, with inflation projected to reach 6.2% in 2023. And 8.1% this year, the OECD says.
Source: DN
