🇪🇺 Striking features of the new @ecb staff projections:
- recession to relatively short-lived and shallow, with 2023 annual GDP of +0.5% still
- large upward revisions to inflation including core
- 2025 inflation way above target (2.3% headline and 2.4% core!) pic.twitter.com/SSAPnI1LHL

— Frederik Ducrozet (@fwred) December 15, 2022