The Financial Times says the eurozone is forecast to defy expectations and avoid a recession this year. A widely-watched survey of economists now predicts the bloc will see growth of 0.1% over 2023 – because of lower energy prices and the reopening of China’s economy.
Sources suggest the UK has moved past its technical recession with first-quarter growth surpassing that of the US and Eurozone, a positive development for Rishi Sunak.