Well, the economy is struggling. Im not gloomy. Ijust propose to look to what we were expecting exactly one year ago. So, beginning of october 2022, we had a double digit inflation. We were expecting recession. And indeed we were also concerned about Energy Supply blackouts because, of course, leaving the russian fossil fuels was not at all an easy story. So if we want to look to the optimistic side of the moon, i think we would say that, yes, we avoided recession. Yes, we have now inflation at 4. 3 , which is very far from the double digit inflation one year ago. And the economy is still growing. But, of course, you are right, the economy is struggling because very low growth. How long with this slow growth. That is the point, isnt it . Low growth is your problem. The imf has reduced Growth Forecasts across the European Union down to less than 1 , 0. 8 for the year. There are some important countries, no more important country than germany, which are really struggling to deliver any g
Gloom, they said, is now spreading across the continent. Youre economy commissioner. The European Economy is struggling. Are you gloomy . Well, the economy is struggling. Im not gloomy. Ijust propose to look to what we were expecting exactly one year ago. So, beginning of october 2022, we had a double digit inflation. We were expecting recession. And indeed we were also concerned about Energy Supply blackouts because, of course, leaving the russian fossil fuels was not at all an easy story. So if we want to look to the optimistic side of the moon, i think we would say that, yes, we avoided recession. Yes, we have now inflation at 4. 3 , which is very far from the double digit inflation one year ago. And the economy is still growing. But, of course, you are right, the economy is struggling because very low growth. How long with this slow growth. That is the point, isnt it . Low growth is your problem. The imf has reduced Growth Forecasts across the European Union down to less than 1 , 0
The European Economy is struggling. Are you gloomy . Well, the economy is struggling. Im not gloomy. Ijust propose to look to what we were expecting exactly one year ago. So, beginning of october 2022, we had a double digit inflation. We were expecting recession. And indeed we were also concerned about Energy Supply blackouts because, of course, leaving the russian fossil fuels was not at all an easy story. So if we want to look to the optimistic side of the moon, i think we would say that, yes, we avoided recession. Yes, we have now inflation at 4. 3 , which is very far from the double digit inflation one year ago. And the economy is still growing. But, of course, you are right, the economy is struggling because very low growth. How long with this slow growth. That is the point, isnt it . Low growth is your problem. The imf has reduced Growth Forecasts across the European Union down to less than 1 , 0. 8 for the year. There are some important countries, no more important country than