STATEC’s latest report reveals a “growth overhang” of -1.1% for the year 2023, drawing on new data from the first half of the year. In its previous spring forecast, these data were not yet available and STATEC had assumed a more optimistic GDP growth rate of 1.5%.
The next official economic update is not slated for release until early December. However, STATEC warns in its latest report that there are many “negative signals” in Europe for the third quarter so far.
