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European Union Mired in Sluggish Growth
- On May 19, the European Commission released its latest economic outlook for spring 2025, forecasting modest GDP growth rates across both the euro area and the broader EU.
- The forecast lowered growth to 0.9% in 2025 and 1.5% in 2026 due to trade tensions, especially with the U.S., and stagnation in Germany's economy.
- Labor markets remain strong with a record 1.7 million new jobs in 2024 and unemployment expected to fall to a historic low of 5.7% by 2026.
- Economy Commissioner Valdis Dombrovskis said the economy stays resilient but risks are "tilted to the downside," citing global uncertainties and tariffs.
- The forecast implies ongoing slow growth with easing inflation and a strong labor market, but trade disputes and geopolitical risks could hinder recovery.
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Uncertainties Related to Trump's Policy Lead to Growth Forecasts in Europe: Belgium Is Also Lagging Behind
In the euro area, the European Commission now expects a modest growth in gross domestic product (GDP) of only 0.9% by 2025. In Belgium, this will be even less with +0.8%. ...
·Brussels, Belgium
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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