The economy has cooled, but signs of overheating remain. After two years of strong recovery.growth decelerated in 2023, reflecting the energy shock, tighter financial conditions, and aslowdown in key trading partners, particularly Germany. Still, core inf ation remains elevated.reflecting a tight labor market, robust wage growth, and healthy profit margins.
Growth is expected to regain momentum in 2024, driven by higher private consumption andexternal demand. High interest rates will we
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