The IMF's World Economic Outlook slightly raises its forecast for economic growth in the eurozone this year but it expects a shallow recession in powerhouse Germany
Outside the European Union, Britain's economy is expected to shrink by 0.3 percent as the country battles a cost-of-living crisis.
The IMF, however, expects Germany, to shrink by 0.1 percent, a reversal from the slight growth it had forecast in its previous update to the World Economic Outlook in January. Spain's economy is performing better, with the IMF forecasting 1.5 percent growth, up from 1.1 percent in its previous outlook.
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