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A modest recovery ahead after a challenging year

The European economy has lost momentum this year against the background of high costs of living, weak external demand and monetary tightening. A modest rebound in growth is expected going forward. The resilience of the labour market is the main force behind the growth outlook. This column presents the key factors that underpin the Autumn 2023 Forecast and discusses the drivers of the continued labour market tightness in the EU, despite the economic slowdown. […]