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The EU Commission has lowered its economic growth forecasts for the Eurozone for this year and next, especially for Germany, due to high inflation, lack of external economic stimuli, and the effects of the European Central Bank's monetary policy. While the inflation prediction for 2023 was reduced, it was increased for 2024. The expected GDP growth is 0.8% for 2023 and 1.3% for 2024.
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