2023-09-11 12:08:32
The already weak economic growth was revised downwards; Inflation remains high: a toxic cocktail
Vienna (OTS) – “The weakness of moral and ideology-driven Brussels politics is becoming increasingly clear in the economic data. Economic growth for this year is now only forecast at 0.8 percent for the EU. At the same time, inflation remains far too high at 6.5 percent in the EU,” said Harald Vilimsky, head of the liberal delegation in the European Parliament, today.
He is referring to the EU Commission’s sobering summer economic forecast presented today. “Despite Biden, the USA is doing much better with 5.6 percent economic growth. The USA also has inflation under control much better than the ECB. Inflation there is not even half as high,” said Vilimsky.
“The combination of the Green Deal, which is constantly putting new hurdles in the way of the European economy and making it less competitive internationally, with the sanctions policy once morest Russia and the still high energy prices is having consequences. And this will not only be the case in the short term, but will also continue in the future. “Under the policies of EU Commission President von der Leyen, Europe is continuing to decline,” emphasized Vilimsky.
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