This should give the Europeans some breathing room.
Inflation in the Euro zone will be lower than expected in 2024, standing at 2.7%, compared to 3.2% expected so far, due to the fall in energy prices and the economic slowdown. , estimated the European Commission on Thursday.
“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 Commission.
Less encouraging news, the European Commission significantly revised downwards on Thursday its growth forecast for the euro zone in 2024 to 0.8%, compared to 1.2% anticipated so far.
This is due to a
“weak”
start to the year.
“After a narrowly avoided technical recession”
in the second half of 2023, the outlook for the European economy
“remains weak”
in the first quarter, estimates the Commission, which however expects a
“gradual acceleration”
during the year.