The euro is hanging out around 1.08 and this report shows why it's been so soft. Conditions aren't great for growth at the moment and the post-covid reopening has been snuffed out by the Ukraine war and energy spike.
European leaders have been talking about 3% growth this year but they'll be lucky to get 2%. Italy is headed for negative Q1 growth.
The report suggests the government forecast for 2023 is 2.5%, for whatever that's worth.