Regional Economic Outlook

EUR REO October 2022 - Hero

Europe’s Balancing Act: Taming Inflation without a Recession

April 2023


Europe faces the difficult task of simultaneously bringing down inflation, sustaining economic growth, and preserving financial stability.

EUR REO Spring 2023 cover

Economic growth has tumbled across Europe, inflation remains too high, and financial sector risks have materialized. Taming sticky inflation while avoiding financial stress and a recession will require tighter macroeconomic policies—tailored to changing financial conditions, stronger financial regulation and supervision, and bolder supply-side reforms that heal scars from the COVID-19 and energy crises.

facebook sharing button
REO Webpage map

Projections Table

Download Data