European Economy Faces Uncertainty Amid Recovery Signs
The European economy navigates ongoing uncertainty, primarily due to the prolonged war in Ukraine and Middle East tensions, impacting energy security. Despite these geopolitical challenges, the Eurozone shows signs of recovery, particularly in Greece, where growth forecasts remain strong, projected at 2.5 times the Eurozone average. Inflation is a concern, predicted at 3%, driven by rising food prices, notably in olive oil. Meanwhile, unemployment shows a downward trend, with significant investments anticipated from recovery funds. However, the shadow of potential trade protectionism and U.S. political shifts adds layers of unpredictability.