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thehill.com 11 Sep, 2023 10:15 am

Europe’s economic outlook worsens as high prices plague consumer spending

Europe’s economic outlook worsens as high prices plague consumer spending
FRANKFURT, Germany (AP) — The European Union has lowered its forecast for economic growth this year and next, saying inflation is taking a heavy toll on people’s willingness to spend in shops — while higher interest rates are sharply restricting the credit needed for investment and purchases. The revised forecast Monday from the European Commission,…
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