BRUSELAS, 15 May. (EUROPA PRESS) –
The European Commission maintains the growth forecast of 0.8% for the eurozone and raises that of the EU as a whole to 1% in 2024, the latter one tenth above the previous forecasts, although it worsens the estimate for 2025, which It drops to 1.4% in the case of the euro zone, and to 1.6% in the EU, one tenth less in both cases.
The spring economic forecasts published this Wednesday indicate that, despite the two ongoing wars in the neighborhood and growing geopolitical tensions, the EU economy managed to recover 0.3% in the first quarter of 2024, while The conditions remain for a gradual acceleration of economic activity until 2025.
In the opinion of the Commission, this rebound in the community economy, which was widespread in all member states, marks “the end of the prolonged period of economic stagnation” that began in the last quarter of 2022.
EU headline inflation is also expected to fall from 6.4% in 2023 to 2.7% in 2024 and 2.2% in 2025, while in the euro area a reduction of 5.0% is expected. 4% in 2023 to 2.5% in 2024 and 2.1% in 2025.
Disinflation will be driven primarily by easing pressure on non-energy goods and food, while energy inflation will pick up and services inflation will only gradually decline, along with a moderation in wage pressures.