In its annual review of the euro zone’s fifth largest economy, the IMF said growth was expected to be 4.2% this year, as high savings and a strong labour market helped the country rebound quickly from its COVID-19 slump.
Headline inflation is expected to moderate to 4.2% in 2023 as the effect of surging energy prices wanes, following a jump to 11.8% this year, the IMF said.
But core inflation, which leaves out energy and food prices, is projected to peak at more than 7% next year.
Source: Economy - investing.com
