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Europe's Economic Outlook: Growth, Infla...
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Overview
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Bank of England Deputy Governor Ramsden expects inflation to stay near 2% for the next three years. The IMF notes a possible soft landing for European economies with challenges from weak sentiment, high energy prices, and war impacts. It advises Italy and France to cut spending and Germany to boost expenditure for growth. Germany increases its 2024 GDP forecast, while the IMF revises downward the MENA region's growth due to conflicts and disruptions.
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How could the revised growth outlook in the MENA region affect global energy markets and geopolitical dynamics?
How might stable inflation impact consumer behavior and investment in the UK?
What specific measures can Italy, France, and Germany take to achieve the IMF's recommendations?
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