Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Israeli occupation forces bombing the Gaza Strip
Al Mayadeen's correspondent: Ceasefire in Gaza takes effect
The Kremlin: Negotiations toward a settlement in Ukraine are currently at a complete standstill
Abu Mujahid: The steadfastness of the Palestinian people and the Resistance thwarted the displacement plan and allowed us to secure the best possible terms in an agreement to halt the genocidal war
Abu Mujahid: We salute whosoever made sacrifices in support of the Palestinian people, foremost among them the martyred Sayyed Nasrallah and Sayyed Safieddine, as well as the people of Yemen and Iran
Abu Mujahid, head of the media office of the Popular Resistance Committees, to Al Mayadeen: The people of Gaza have sacrificed and given their most precious offerings for the Al-Aqsa Flood
Al Mayadeen's correspondent in Gaza: Israeli artillery shelling targeted Khan Younis and the al-Bureij and al-Maghazi refugee camps
Captives may be released as early as Saturday and by Monday at the latest: Source briefed on the details of the agreement.
Netanyahu set to convene security cabinet at 1500 (1200GMT) and government at 1600 (1300GMT) to approve the deal: Source briefed on the details of the agreement
Within the first 24 hours, the Israeli military will complete the first phase of partial withdrawal: Source briefed on the details of the agreement

Europe Central Bank lowers Europe GDP growth forecast for 2022, 2023

  • By Al Mayadeen Net
  • Source: Agencies
  • 10 Mar 2022 18:36
2 Min Read

The European Central Bank has lowered its expectations for GDP growth amid the Ukraine crisis, citing the Ukraine crisis as the cause behind the drop in projections.

  • x
  • European Central Bank President Christine Lagarde
    European Central Bank President Christine Lagarde

The European Central Bank downgraded its eurozone GDP growth forecast to 3.7% for 2022 and 2.8% for 2023, ECB President Christine Lagarde said Thursday.

"In the baseline of the new staff projections, which incorporate a first assessment of the implications of the war, GDP growth has been revised downwards for the near term," Lagarde said, citing the Ukraine crisis as the reason behind the lowering of expectations.

The projections foresee the economy growing at 3.7% in 2022, 2.8% in 2023, according to the European official, while projections for 2024 are at the low of 1.6%.

Related News

Western components found in Russian weapons: Zelensky

Middle East states want Russia to maintain presence in Syria: Lavrov

In December, the European Central Bank had lowered the eurozone's GDP projection for 2022 to 4.2% and hiked the projection for 2023 to 2.9%.

"Our Eurosystem [and ECB] staff projections for the annual real GDP growth at 5,1% in 2021, 4,2% in 2022, 2,9% in 2023 and 1,6% in 2024, compared with our September staff projection the outlook has been revised down for 2022 and up for 2023," Lagarde said at the time.

As for inflation, the baseline in the new staff projections has been revised upwards, Lagarde revealed, "With an annual inflation at 5.1% in 2022, 2.1% in 2023 and 1.9% in 2024."

Inflation in the Eurozone hit a new record high in the latest estimate in December, as data showed on Friday that the headline inflation rate was at 5% for the month compared to the same time last year.

  • Russia
  • European Central Bank
  • Ukraine
  • European Union

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
The Palestinian resistance and the people of Gaza showed that after combating Israeli aggression for two years, they remain victorious in the face of oppression (Mahdi Rteil/Al Mayadeen English)

Al-Aqsa Flood two years on, a tale of victory

  • Politics
  • 6 Oct 2025

Coverage

All
In Five

Read Next

All
ap
Politics

Mistrust paralyzes Washington as shutdown drags on for 9th day

Senate rejects bid to curb Trump’s military power in Caribbean
Politics

Senate rejects bid to curb Trump’s military power in Caribbean

ap
Politics

UN to slash peacekeeping operations as US funding cuts take effect

Spanish Prime Minister Pedro Sánchez, right, applauds after delivering a speech at the Spanish parliament in Madrid, Wednesday, July 9, 2025. (AP Photo/Bernat Armangue)
Politics

Spain passes decree formalizing full arms embargo on 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS