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MNI: EC Autumn Forecasts Point To Still Subdued Recovery

No signs of bouyant EZ recovery in latest Commission forecasts, but in line with ECB September projection.
BundesbankPolicy NewsCentral Bank NewsHomepageStoryCEEMEAEurozoneGermanyBriefGlobalEuropean Central BankRegion

MNI (LONDON) - The European Commission sees a subdued recovery for the euro area according to projections in its autumn forecasts published Friday, with growth now seen modestly lower than previously expected in both 2024 and 2025, before picking up pace somewhat in 2026.

Growth for the Euro Area is estimated at 0.8% this year, rising to 1.3% in 2025 (in line with ECB's September projection and 0.1pp lower than the EU's Spring projection) and 1.6% in 2026. The Commission said lower interest rates and rising real disposable incomes would help drive better growth rates into next year and 2026.

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MNI (LONDON) - The European Commission sees a subdued recovery for the euro area according to projections in its autumn forecasts published Friday, with growth now seen modestly lower than previously expected in both 2024 and 2025, before picking up pace somewhat in 2026.

Growth for the Euro Area is estimated at 0.8% this year, rising to 1.3% in 2025 (in line with ECB's September projection and 0.1pp lower than the EU's Spring projection) and 1.6% in 2026. The Commission said lower interest rates and rising real disposable incomes would help drive better growth rates into next year and 2026.

Keep reading...Show less