Europe is looking to tackle sky-high debt loads after signs it will dodge a recession
Publishing timestamp: 2023-02-13 11:49:54
Summary
European officials are relieved after new data suggested the region will avoid economic recession. Finance ministers must now figure out how to adapt their currently loose fiscal policies to the new economic environment. The euro zone is now expected to have a GDP rate of 3.5% in 2022, and a GDP rate of 0.9% this year. Market players will be monitoring what finance ministers decide in the coming months to correct high levels of public debt.
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Keywords: european commission, politics, europe news, european central bank, eu, economy, euro, economic events, stoxx 600, business news,