EU expects recession to hit Europe as inflation hangs on

EU expects recession to hit Europe as inflation hangs on
The European Union’s executive commission has slashed its forecast for economic growth next year (Philip J Hill/Alamy/PA)

The European Union’s executive commission has slashed its forecast for economic growth next year.

It said the 19 countries using the euro will slide into recession over the winter as peak inflation hangs on for longer than expected and high fuel and heating costs erode consumer purchasing power.

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