A grey gloom enveloped Brussels today. It was rainy and overcast. The weather reflected the forecast for Europe’s economy delivered inside the Berlaymont.
The Commission’s Economic and Financial Affairs division laid out its vision for Europe’s economy. We’re at a crossroads, it says.
The main directions “… are either further weakening with the possibility of entering recession, a muddling through with a protracted period of low growth and low inflation…” or a rebound.