Global Economic News

Amended: Eurozone Set To Escape Recession; Inflation Outlook Downgraded

Corrected story headline

Following the favorable development in energy prices and the diversification of supply sources, the euro area is set to avoid a recession and gradually pick up pace next year, as inflation likely peaked and has loosened its grip on economic activity, the European Commission said in its interim forecast, released Monday.

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by Renju Jaya

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