It, however, cut its eurozone growth forecast for 2024 to
0.7% from 0.8% expected earlier, well below the ECB's forecast
of 1.6%.
The bank no longer sees a recession in the UK as inflation
cools, prompting it to raise its growth forecast to 0.4% for the
year from an estimated 0.6% drop three months ago.
(Reporting by Roshan Abraham in Bengaluru; Editing by Anil
D'Silva)
March 30 (Reuters) - HSBC is expecting the eurozone
economy to grow 0.6% in 2023 from its previous estimate of being
flat, citing easing supply chain issues, falling wholesale
energy costs and a likely slowdown in inflation.
The recent turmoil in the banking sector may trigger a
slowdown later this year as financial conditions tighten, the
bank said in a note on Thursday.
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