India, May 19 -- Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.
In the Spring Forecast, the EU said real gross domestic product is likely to grow only 0.9 percent this year, reflecting a sharp downward revision from the autumn forecast of 1.3 percent. The growth projection for 2026 was lowered 1.4 percent from 1.6 percent. The EU said consumption will keep expanding and investment will accelerate after rebounding in 2025.
The EU said disinflation is set to proceed more s...