The European Union managed to avoid a recession, and in the next two years – in 2023 and 2024 – GDP growth is expected at the level of 1.0% and 1.7%. This follows from the forecast for the spring of 2023, published on the website of the European Commission, RBC reports.
According to European Commissioner for Economics Paolo Gentiloni, “the EU economy is in better shape than was predicted last autumn.” The European Commission clarified that the improvement in the forecast “is due to a countershock in terms of trade caused by lower energy prices.”
In this regard, the EU plans to continue sanctions pressure on Russia. In particular, on May 15, the head of the EC, Ursula von der Leyen, said that the EU countries are discussing a ban on the transit of goods from the EU through Russia to third countries. She said the EU has seen a “huge surge” in trade in European goods with some countries, with “there is a discrepancy” between how much goods are purchased in the EU, pass through Russia and then end up in a third country. Von der Leyen said the transit ban is under discussion and there are “several points of view” on the issue.
Source: Rosbalt
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