Financial TimesFinancial Times

Brussels curbs growth forecasts as inflation hits EU economy

By Sam Fleming in Brussels and Martin Arnold in Frankfurt

10 Feb 2022 · 4 min read

The surge in energy prices is set to exert a “more protracted drag” than expected on the European economy this year and drive higher inflation, the European Commission said in its latest growth outlook.

Growth this year would fall short of previous forecasts, the commission said. It predicted a 4 per cent expansion in the EU and eurozone for 2022, compared with its 4.3 per cent forecast last autumn. Output growth would ease to 2.8 per cent in the EU in 2023 and 2.7 per cent in the eurozone, it said.

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