{
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{
"@type": "AnalysisNewsArticle",
"headline": "Report on European Economy 2022",
"name": "Report on European Economy 2022",
"description": "In 2022, the European economy encountered difficulties and swings, with an upward trend followed by a drop. The energy crisis and soaring inflation were the most significant obstacles. The European economy started up where it left off in 2021 throughout the first half of the year, but the influence of COVID-19 on the European economy lingered, as the gloom of the pandemic had not yet lifted. The war in Ukraine caused a geopolitical catastrophe that precipitated Europe\u0027s greatest energy crisis since the 1970s, bringing inflation to all-time highs and retarding economic recovery. The European Commission\u0027s Economic Forecast for 2022 projects the EU\u0027s real GDP growth rate at roughly 3.3% in 2022, which is significantly lower than earlier estimates. In addition, the war in Ukraine and the energy crisis are predicted to have a detrimental impact on the European economy in the fourth quarter of 2022. It is anticipated that the decline in economic activity will continue into the first quarter of 2023. According to the Forecast, the EU and Eurozone are projected to grow at a slower pace in 2023,with real GDP growth of just 0.3% .",
"datePublished": "Wed, 03/15/2023 - 12:00",
"publisher": {
"@type": "EducationalOrganization",
"@id": "SAGGAS",
"name": "Shanghai Academy of Global Governance \u0026 Area Studies (SAGGAS)"
}
},
{
"@type": "Person",
"name": "Report on European Economy 2022",
"description": "In 2022, the European economy encountered difficulties and swings, with an upward trend followed by a drop. The energy crisis and soaring inflation were the most significant obstacles. The European economy started up where it left off in 2021 throughout the first half of the year, but the influence of COVID-19 on the European economy lingered, as the gloom of the pandemic had not yet lifted. The war in Ukraine caused a geopolitical catastrophe that precipitated Europe\u0027s greatest energy crisis since the 1970s, bringing inflation to all-time highs and retarding economic recovery. The European Commission\u0027s Economic Forecast for 2022 projects the EU\u0027s real GDP growth rate at roughly 3.3% in 2022, which is significantly lower than earlier estimates. In addition, the war in Ukraine and the energy crisis are predicted to have a detrimental impact on the European economy in the fourth quarter of 2022. It is anticipated that the decline in economic activity will continue into the first quarter of 2023. According to the Forecast, the EU and Eurozone are projected to grow at a slower pace in 2023,with real GDP growth of just 0.3% ."
}
]
}
