- 2024 GDP growth forecast seen at 0.5% (previously 1.0%)
- 2025 GDP growth forecast seen at 0.8% (previously 1.1%)
Their previous forecast was made in June, hence the stark changes here. The euro area economy in general saw a more resilient first half of the year but that has largely faltered in the second half, with Trump tariffs set to make for a more challenging outlook going into next year.
This article was written by Justin Low at www.forexlive.com.
