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EU says eurozone set to fall into recession this winter

AFP, 11 Nov 2022
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

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