Now playing Next Europe News Falling energy prices boost EU's growth outlook, Commission says GDP in the EU is now forecast to reach 1.0% in 2023 and 1.7% in 2024, up from a previous forecast of 0.8% and 1.6%. 15/05/2023
Now playing Next Economy EU economy to 'narrowly' avoid a recession as inflation peak passes The European Commission warns uncertainty is still elevated, with the economy dependent on Russia's war in Ukraine and tight energy markets. 13/02/2023
Now playing Next Economy IMF improves economic forecast for the eurozone and Russia The eurozone was "more resilient than expected," the International Monetary Fund said in its latest forecast. 31/01/2023
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Now playing Next Economy Vaccines and lifting of restrictions speed up EU's economic recovery Both the EU and the eurozone are set to expand by 4.8% in 2021, with 12 member states already offsetting all their economic losses this year. 07/07/2021
Now playing Next Economy EU economy set to grow faster than expected thanks to vaccination The European Commission estimates that this year the EU and the eurozone will grow by 4.2% and 4.3%, respectively. 12/05/2021
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Now playing Next Economy Economic forecast: Some EU countries will recover in 2021, others must wait until 2022 Commissioner Paolo Gentiloni warned that uncertainty remains high but that the vaccine roll-out and the EU's recovery fund could help accelerate growth in 2021. 11/02/2021
Now playing Next Economy Economists revise eurozone growth downwards amid second COVID wave Lockdowns and pandemic-related restrictions were likely to slow down Europe's economic recovery as the ECB cut its predicts for 2021 and beyond. 22/01/2021
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