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Eurozone inflation will continue to decline to 5.6 percent in 2023. (Photo: EC - Audiovisual Service)

Inflation prompts Commission to cut EU growth forecast

The Commission has revised down its forecast for the EU economy in the near term due to subdued economic activity.

In its summer economic forecast, the EU executive's technical team adjusted the bloc's growth from 1 to 0.8 percent for 2023 and from 1.7 to 1.4 percent for 2024. And while the EU-27 economy as a whole will continue to grow, it will do so at a slower pace.

Among the factors behind these n...

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Author Bio

Paula joined EUobserver in January 2023 and left for Euronews in 2024. Previously she worked for the Spanish online newspaper El Confidencial, where she covered mainly economic and financial affairs.

Eurozone inflation will continue to decline to 5.6 percent in 2023. (Photo: EC - Audiovisual Service)

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Author Bio

Paula joined EUobserver in January 2023 and left for Euronews in 2024. Previously she worked for the Spanish online newspaper El Confidencial, where she covered mainly economic and financial affairs.

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