- Sees Eurozone economic growth at 0.8% in 2024, 1.3% in 2025, and 1.6% in 2026
- Sees Eurozone inflation at 2.4% in 2024, 2.1% in 2025, and 1.9% in 2026
Of note, they are forecasting the German economy to contract by 0.1% this year as compared to their previous forecast of 0.1% growth in the spring. Meanwhile, the French economy is forecast to expand by 1.1% this year. Looking to next year, the commission notes that:
“Geopolitical risks and policy uncertainty have further increased. In addition to the risks related to the wars in Ukraine and the Middle East, a further increase in protectionist measures by trading partners could weigh on international trade.”
This article was originally published by Forexlive.com. Read the original article here.