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Economic forecast

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Commission forecasts inflation tumbling, despite oil price hike

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German downturn eases while French economy contracts sharply

Although both are in contraction territory, sentiment in the German economy is more optimistic.

23/11/2023

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British economy creeps forward

The UK’s GDP grew slightly in August, driven by the services sector.

12/10/2023

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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

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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

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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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Is the global economy sliding into recession and what could it mean?

Escalating inflation, the war in Ukraine and low consumer confidence are spelling headwinds for the global economy.

06/09/2022

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Biden: US economy 'on the right track' despite recession fears

US president Joe Biden has said his country is "on the right track", despite its economy shrinking for the second quarter in a row.

28/07/2022

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Annual inflation across the eurozone will peak at 7.6% in 2022

The Ukraine war and the disruption of energy and food markets continue to increase inflationary pressures.

14/07/2022

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Inflation in eurozone forecast to hit 4.8% amid soaring energy prices

Energy prices, supply chain bottlenecks, the Omicron variant and geopolitical tensions are all fuelling inflationary pressures.

10/02/2022

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Brussels raises eurozone growth forecast but warns over energy prices

This outlook depends heavily on two factors: the evolution of the COVID-19 pandemic and the pace at which supply adjusts to the rapid turnaround in demand following the re-opening of the economy.

12/11/2021

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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

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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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World economy on 'firmer footing' but 'debt and inequality pose risks'

Speaking to Euronews, Kristalina Georgieva said the IMF is ready to upgrade its global forecast but fiscal support must not be withdrawn prematurely.

31/03/2021

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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

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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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Greece's economy to shrink by estimated 8.2% this year

Greece's economy is expected to shrink by an estimated 8.2% this year due to the coronavirus pandemic.

05/10/2020

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Jobless rate to hit record this year in richest economies, says OECD

The average unemployment rate across the OECD is forecast to reach 9.4 per cent at the end of 2020, and remain stubbornly high at 7.7 per cent in 2021.

07/07/2020

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EU forecasts 'recession of historic proportions' this year

"Europe is experiencing an economic shock without precedent since the Great Depression,'' the EU's economy chief Paolo Gentiloni said on Wednesday.

06/05/2020

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Britain to face growth slowdown amidst Brexit fears

Confederation of British Industry lowers 2018 growth forecast citing Brexit and heavy snowfall

08/06/2018