Cost-of-living strains curb Europe’s near-term outlook
Cost-of-living pressures will constrain economic activity in Western Europe in 2023/24 but will ease in the medium term
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In this article
- Europe's comparatively poorer near-term outlook
- Import dependence
- Restricted labour supply
- Real wage erosion
- Brexit supply-chain shocks
- Longer-term prospects
- Faster transition from fossil-fuel reliance
- Trade rebalancing
- Long-run fiscal balance
- Automation
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