Euro zone: inflation lower than expected, at 2.7% in 2024, but growth at half mast. If the Euro zone narrowly avoided a “technical recession”, growth forecasts for the current year have been revised downwards, to 0.8%.
This should give the Europeans some breathing room. “The fall in the prices of energy raw materials and the slowdown in economic dynamics have placed inflation on a more pronounced downward trajectory than expected,” explained the European Commission on Thursday.