The European Commission is still forecasting moderate growth in 2024 for the euro area (0.8% of GDP) and the European Union (1.0% of GDP). And, building on a stronger-than-expected rebound in the first quarter of this year (0.3% in both the euro area and the EU - see EUROPE B13402A22), it confirms that an economic rebound is expected in 2025 in both the euro area (1.4%) and the EU (1.6%).
“After a difficult 2023”, during which the economy almost stagnated (0.4% of GDP in the euro area...