The European economy has proven more resilient than many expected, leading to an upward revision of our GDP forecast for 2023. However, economic outlook remains highly uncertain, with the balance of risks tilted to the downside for growth and to the upside for inflation, making the recovery path more challenging. Despite headline inflation declining due to falling energy prices, underlying price pressures are proving sticky, indicating that interest rates may remain higher for longer.
Geopolitical tensions, including the war in Ukraine, continue to be a key risk. The recent turmoil in the banking system, beginning with the failures of some US banks, is a new cause for concern. Will it be contained, or can it lead to an additional significant tightening of credit conditions in Europe? This and many other topics will be covered during the forthcoming webcast.
Our panelists, EY chief and senior economists, will discuss:
- Latest macroeconomic developments and forecasts for European economies
- Current situation in labor markets
- Inflation and monetary policy outlook
- Key risk factors
- Similarities and differences between European countries
Panelists
- Marek Rozkrut, EY Chief Economist - Europe & Central Asia
- Peter Arnold, UK Chief Economist
- Ferdinand Pavel, PhD, Head of Economic Consulting for the Public Sector, Germany
- Alberto Caruso, PhD, Senior Manager in the Valuation, Modeling & Economics team of EY in Rome