UniCredit Report: 2025 Food Price Hikes, Taxes To Rise, Consumption To Slow

This year the growth of the economy will be slower than estimated at the beginning of the year, in 2025 food will be more expensive, and there might be an increase in VAT by two percentage points but not earlier than the middle of next year, according to a report by UniCredit Bank.   “We are downgrading our 2024 growth forecast to 1.7% due to the poor performance in 1H24 and a slower recovery in the EU than we had anticipated, but we are ...

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