According to the Commission 2023 spring forecast, euro area real GDP is projected to grow at 1.1% and 1.6% in 2023 and 2024 respectively, after a substantial growth of 3.5% in 2022. But core inflation remains high at 5.8% in 2023, after peaking at 8.4% in 2022. The fiscal positions are expected to improve in 2023 and, especially, in 2024, largely reflecting the phasing out of energy support measures. The euro area general government deficit is projected to drop to 3.2% and 2.4% of GDP in 2023 and 2024, respectively, following 3.6% of GDP in 2022. The euro area debt-to-GDP ratio decreased to around 93% in 2022 from its historical peak of almost 100% of GDP in 2020 and is projected to further decline to around 90% by 2024. […]