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 in South Lebanon: Israeli drone targets a car in the town of Kawnin
Naeini: If our national interests are attacked again, our response this time will be stronger and more destructive
Naeini: The war has proven that the settlers are defenseless against Iranian missile and drone forces
Naeini: Trump lacks an understanding of the true strength of the Iranian people and is so deluded as to believe he can change the reality of Iran's victory
Naeini: The defeat led to Trump's confusion and loss of balance, which was reflected in his ill-considered statements
IRGC spokesperson Brigadier General Mohammad Naeini: Trump's statements are a result of his defeat against Iran, and we advise him to abandon absurd policies
Gaza Government Media Office: The number of children martyred due to malnutrition has risen to 66
Saree: Loyal Yemen will not abandon its religious, moral, and humanitarian duties toward the Palestinian people
Saree: Over the past week, we carried out military operations targeting sensitive sites and military installations in Beer al-Sabe', Yafa, and Haifa via a number of ballistic missiles and drones, which were all successful
Saree: The operation was carried out via a Zulfiqar missile, which successfully achieved its goal

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

Putin says Russia, Ukraine peace proposals contradictory

Cuba backs Russia, Belarus against US-led sanctions, NATO expansion

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

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli occupation soldiers search for settlers amid the rubble of buildings destroyed by an Iranian missile strike in Bat Yam, central occupied Palestine, on Sunday, June 15, 2025 (AP)
Politics

Iran missile strike flattens Bat Yam, displaces 2,000 settlers

Palestinian fighters from the Islamic Jihad militant group riding on a truck with weaponry on display take part in an anti-Israel parade marking the 36th anniversary of the movement's founding, in Gaza City, Wednesday, Oct. 4, 2023 (AP)
Politics

Palestinian Resistance attacks Israeli forces in Khan Younis, Jabalia

Iranian Foreign Minister Abbas Araghchi stands waiting to meet Russian President Vladimir Putin for the talks at the Kremlin in Moscow, Russia, Monday, June 23, 2025 (AP)
Politics

Iran suspends IAEA cooperation, Araghchi blames Grossi for attacks

The commander of the Quds Force's Palestine Unit, Brigadier General Mohammad Said Izadi (Illustrated by Mahdi Rtail for Al Mayadeen English)
Politics

Who was Mohammad Said Izadi, head of the Quds Force's Palestine Unit?

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