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Economy and Finance

European Economic Forecast. Spring 2023


Institutional Paper 200
Publication date
15 May 2023
Directorate-General for Economic and Financial Affairs


The European economy continues to show resilience in a challenging global context. Lower energy prices, abating supply constraints and a strong labour market supported moderate growth in the first quarter of 2023, dispelling fears of a recession and lifting the growth outlook for 2023 and 2024. Projections for inflation have been revised upwards on the back of persisting core price pressures.

Information and identifiers

Institutional Paper 200. May 2023. Brussels. PDF 212 pp. Tab. Graph. Bibliogr. Free.

KC-BC-23-007-EN-N (online)
ISBN 978-92-76-61649-8 (online)
ISSN 2443-8014 (online)
doi:10.2765/707155 (online)


European Economy Institutional Papers are important reports analysing the economic situation and economic developments prepared by the European Commission's Directorate-General for Economic and Financial Affairs, which serve to underpin economic policy-making by the European Commission, the Council of the European Union and the European Parliament. Views expressed in unofficial documents do not necessarily represent the views of the European Commission.

Spring Forecast 2023 - Publication cover


15 MAY 2023
European Economic Forecast. Spring 2023