April 19 Reuters A soft landing of easing inflation with moderate economic cost is within reach for European economies but is far from assured, with the recovery so far showing itself to be tentative in most economies across the region, the International Monetary Fund said on Friday in a report detailing Europe39;s outlook.

On the heels of another downgrade to the nearterm growth outlook for the continent39;s core euro area economies, the IMF said the feeble recovery reflects weaker consumer sentiment, the lagged effect of higher energy prices and softness in interestrate sensitive manufacturing and business investment.

That said, Europe has done remarkably well against a turbulent backdrop, including a war between Russia and Ukraine on its eastern frontier, IMF European Department Director Alfred Kammer said in remarks prepared for a press briefing on the region.

After years of crises and their fallouts, a soft landing for the continents economies is within reach, Kammer said. To be sure, within reach does not mean it is a done deal. A number of things need to go right in the coming months.

Among the things needing to go right is calibrating the appropriate monetary policy across a diverse region, where inflation has behaved unevenly.

In advanced European economies, central banks poised to begin cutting interest rates need to match that policy easing with unfolding conditions loosening neither too fast nor too slowly, Kammer said. For the rest of Europe,…

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