Reported 27 days ago
The European Central Bank has revised down its economic growth forecast for 2024 to 0.8% from 0.9%, while projecting inflation to reach its 2% target by late 2025. Despite ongoing inflation challenges over the past three years, the ECB started to lower interest rates after signs of easing price pressures. The inflation forecast for next year stands at 2.5%, expected to decline to 2.2% in 2025.
Source: YAHOO