European Union (draft report) cuts forecasts for economic growth this year and next

A couple of headline reports, no more detail at this stage.

The draft report has cut:

• 2022 GDP forecast to 2.6% (from 2.8%
• and for 2023 to just 1.4% (from 2.3%)

Unsurprising given these sorts of developments:

• Oil, gas - Moody's outline the case for energy prices to rise further

And still is!