The scenario of a recession in the euro zone remains relevant

Good news on the inflation front in the euro zone. The rise in prices slowed down in December for the second consecutive month to 9.2%, following 10.1% in November. According to Eurostat, which published these figures on Friday, this improvement is explained by the drop in oil, gas and electricity prices due to an abnormally mild winter and energy savings. In October, inflation had reached a record 10.6%, with energy prices moving up for eighteen months, but even more since the start of the invasion of Ukraine by Russian troops at the end of February 2022.