EC: Ten EU countries will experience economic recession in 2023

An economic recession in 2023 will be recorded in 10 EU countries, including Germany, with Estonia to set an anti-record, according to the autumn economic forecast of the European Commission (EC).

Ten EU countries will face an economic recession in 2023, said European Commissioner for Economic Affairs Paolo Gentiloni, presenting the forecast at a press conference in Brussels.

According to materials disseminated by the European Commission, in particular, the economic decline will be 0.3% in Germany, 2.6% in Estonia and 0.9% in Ireland by the end of the year.