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Added on the 13/02/2023 10:37:39 - Copyright : AFPTV - First images
The EU warns the eurozone is expected to fall into recession this winter as soaring energy prices batter the wallets of consumers around the continent. "The outlook for next year has weakened significantly and we now forecast the EU economy to grow by only 0.3 percent in 2023 before a progressive recovery to 1.6 percent in 2024" the European Commissioner for Economy, Paolo Gentiloni says. SOUNDBITE
European Central Bank President Christine Lagarde warns that the eurozone could fall into recession next year in the case of a total shutdown of Russian gas supplies. The "downside scenario" for 2023 foresees negative growth in the case of a "total shutdown of all Russian gas supply" and energy rationing in the eurozone, she said, after the ECB unleashed a record rate hike. SOUNDBITE
The United States has only a slim chance of avoiding an economic downturn given the many risks it faces, the IMF says. "It's a very narrow path," says IMF chief economist Pierre-Olivier Gourinchas. (COMPLETES VIDI32FH3FK_EN and VIDI32FH2YE_EN) SOUNDBITE
Bangkok, Aug 18 (EFE).- Thailand has entered technical recession after its gross domestic product (GDP) contracted by 12.2 percent in the second quarter of the year as a result of the impact of the COVID-19 pandemic. (Camera: RUNGROJ YONGRIT).B-ROLL OF SHOPPING MALL IN BANGKOK, THAILAND.
Tourism is the only bright spot for Greece's struggling economy. As Sonia Legg reports, many in the industry fear it will be hit hard by the latest turmoil over a decision to call a referendum on austerity.
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