Good morning everyone. Here are the five key points from our Spring Economic Forecast.
First, increased global uncertainty and trade tensions are impacting EU growth.
Despite challenges, the EU economy remains resilient.
We expect moderate growth this year, with acceleration next year.
- EU GDP is expected to grow by 1.1% in 2025 and 1.5% in 2026.
- The euro area is expected to grow by 0.9% this year and 1.4% next year.
The labor market remains strong with more jobs and rising wages.
Inflation is falling faster than expected due to lower energy prices.
Risks to the outlook remain negative, especially due to trade tensions.
The Spring Forecast highlights the need for the Union to act swiftly and decisively to strengthen competitiveness and ensure long-term prosperity.