The EU seems rusted on to the 'transitory' inflation narrative.
From a draft of EU projections:
- CPI forecast at 3.5% this year and 1.7% in '23
- And, for GDP, 4% in '22 & 2.7 in '23
The European Union is forecasting 3.5% inflation in 2022
- And dropping to 1.7% in 2023
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