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MNI BRIEF: Brussels Sees Sharper Fall In 2024 Inflation

(MNI) LONDON
(MNI) London

Commission's Winter forecast lowers both 2024 growth and inflation outlooks.

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The EU Commission forecasts a sharper fall in inflation and a slower rebound in economic activity across the euro zone in its latest Winter Forecast, published Thursday.

Brussels said headline HICP consumer price inflation would decelerate to 2.7% in 2024 and to 2.2% in 2025 in euro area, compared with a forecast of 3.2% and 2.2% respectively in its autumn 2023 forecast. Lower energy prices and stalling economic activity are the key drivers of the easing in inflation pressures. (MNI INTERVIEW: Beware Temporary Inflation Dip- ECB's Kazaks)

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The EU Commission forecasts a sharper fall in inflation and a slower rebound in economic activity across the euro zone in its latest Winter Forecast, published Thursday.

Brussels said headline HICP consumer price inflation would decelerate to 2.7% in 2024 and to 2.2% in 2025 in euro area, compared with a forecast of 3.2% and 2.2% respectively in its autumn 2023 forecast. Lower energy prices and stalling economic activity are the key drivers of the easing in inflation pressures. (MNI INTERVIEW: Beware Temporary Inflation Dip- ECB's Kazaks)

Keep reading...Show less