EU Inflation 5.3% July 2023
Euro zone inflation fell in July, and new growth figures showed economic activity picking up in the second quarter of this year, but economists still fear a recession.
Headline inflation in the EU was 5.3% in July, according to preliminary data released end of July 2023, lower than the 5.5% registered in June. However, it still remains substantially above the European Central Bank’s 2% target.
EU GDP
GDP growth accelerated in the second quarter, expanding by 0.3%, higher than the 0.2% expected by analysts.