The IMF predicts that eurozone GDP will grow by 0.8% and inflation will be 5.3% this year.

The IMF expects the eurozone economy to grow by 0.8% this year and 1.4% next, according to economic forecasts released on Tuesday.

In its World Economic Forecasts report, the International Monetary Fund (IMF) predicts that the gross domestic product (GDP) growth of common currency countries will slow from 3.5% in 2022 to 0.8% this year, plus 0.1 percentage point . (pp) than in January and will recover to 1.4% in 2024 (0.2 pp less than before).

However, the organization led by Kristalina Georgieva, who, in the context of her spring meetings and the World Bank, warned about the problems of the current context, is somewhat more pessimistic about Germany’s results this year.

The IMF now expects Germany’s economy to contract by 0.1%, down from a 0.1% growth rate in January, after forecasting a 0.3% recession last October.

For 2024, despite continuing to point to a recovery with a 1.1% growth rate, he lowered his forecast by 0.3 percentage points. compared to January.

Among the other three largest economies in the eurozone, the IMF projects France and Italy to grow by 0.7% this year and by 1.3% and 0.8% respectively in 2024.

The report also points to an increase in Spain’s GDP of 1.5% this year and 2% next year.

The International Monetary Fund (IMF) also forecasts eurozone inflation to fall to 5.3% this year and 2.9% in 2024. In the report on world economic forecasts, the IMF continues to predict a downward trend in inflation in the single currency. countries.

Eurozone inflation is expected to fall from 8.4% in 2022 to 5.3% this year, down from the 5.7% forecast in October, which points to 2.9%, according to IMF technical experts. in 2024.