The European Commission's autumn forecasts, published on Friday (November 15), put gross domestic product (GDP) growth at 0.9 percent in the European Union and 0.8 percent in the euro area for 2024.
Publish dateSaturday 16 November 2024 - 12:06
According to Amac News: According to the report of the European Commission, economic activity in 2025 is expected to accelerate to 1.5% in the European Union and 1.3% in the Eurozone, and in 2026 to 1.8% in the European Union and 1.6 percent in the euro area.
Headline inflation in the euro area is also projected to more than halve in 2024, from 5.4 percent in 2023 to 2.4 percent, and then gradually to 2.1 percent in 2025, according to the commission. and decrease by 1.9% in 2026.
In the EU, deflation is projected to be even faster, with headline inflation falling to 2.6% in 2024, down from 6.4% in 2023, and to 2.4% p.a. 2025 and 2.0% will continue in 2026.
After resuming growth in the first quarter of 2024, the EU economy continued to grow at a steady, albeit moderate, pace during the second and third quarters.
The European Union economy is expected to return to a moderate growth while the economy of this Union had not been able to grow positively and sustainably due to various factors such as financial crises, rising living costs, and disruptions caused by the COVID-19 pandemic and other global challenges. to achieve
Headline inflation in the euro area is also projected to more than halve in 2024, from 5.4 percent in 2023 to 2.4 percent, and then gradually to 2.1 percent in 2025, according to the commission. and decrease by 1.9% in 2026.
In the EU, deflation is projected to be even faster, with headline inflation falling to 2.6% in 2024, down from 6.4% in 2023, and to 2.4% p.a. 2025 and 2.0% will continue in 2026.
After resuming growth in the first quarter of 2024, the EU economy continued to grow at a steady, albeit moderate, pace during the second and third quarters.
The European Union economy is expected to return to a moderate growth while the economy of this Union had not been able to grow positively and sustainably due to various factors such as financial crises, rising living costs, and disruptions caused by the COVID-19 pandemic and other global challenges. to achieve
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Source : news agency wam
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