Economy in Focus #7 - 2023 in review: An economic potpourri
The seventh edition, published December 2023, analyses the key economic trends and developments that shaped 2023, providing expert commentary from Intrum's Senior Economist, Anna Zabrodzka-Averianov.
The year was marked by a series of shocks that further intensified the already tumultuous situation. Soaring inflation, rising interest rates, falling property prices, and declining real wages.
The year 2023 has been a rollercoaster ride for the global economy, with Europe experiencing significant economic pressure and uncertainty. Have we turned the corner yet? It could well be that the curve extends a bit into 2024. But as things stand today, 2024 will, in all likelihood, mark the beginning of the recovery.Anna Zabrodzka-Averianov, Senior Economist at Intrum
In this issue:
Review of the top 5 trends that shaped the European economy, including: