Euro Zone GDP & Inflation Improves in July 2023

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.


GDP growth accelerated in the second quarter, expanding by 0.3%, higher than the 0.2% expected by analysts.

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