Concern in the Eurogroup about the record inflation of 5% in December due to the contraction of the energy market.
The Eurozone economy ministers promised to maintain budgetary stimuli and monitor strong price increases. This is the forecast for 2022 of the president of the Eurogroup Paschal Donohoe:
“We’re confident that as we go through this year, the inflationary pressures that exist right now will start to ease. We expect that to happen as supply chains in some parts of our economy continue to improve, and also as the The higher level of saving, which played a role in price pressures throughout the past year, begins to moderate throughout the year.”
The president of the Eurogroup also said that all the ministers are trying to respond to the “challenges” that inflation “imposes” on citizens and companies with “appropriate measures”.
The eurozone is facing a slowdown in economic growth this year after the solid recovery it experienced in 2021 after the severe recession caused by the coronavirus two years ago.