Despite persistent uncertainties, the global economy appears to be holding up better than
expected in 2023. Energy prices are moderate, demand is more evenly distributed, and supply
is stabilizing. This has led to an improvement in global growth forecasts, now reaching 3.0% for
2023 and 2024. However, risks persist for the Eurozone, and the ECB’s monetary policy decisions
will be guided by inflation developments. The ECB’s decisions have already shown positive results
in controlling inflation. Despite disparities, the healthcare, commercial, and hospitality sectors
have performed well in Europe in 2023. Rising interest rates have increased the cost of debt, but
rental yields are supporting overall performance.