EU cuts growth forecasts as Middle East war drags on

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BRUSSELS — The European Commission on Thursday downgraded economic growth estimates to 1.1 percent, as surging energy prices fueled by the Middle East war cause a slowdown. In its latest economic forecasts, the EU executive said the conflict will result in higher inflation and public debt across the bloc, as it reduced its expected growth for the EU’s economy from 1.4 to 1.1 percent this year. But things could get worse yet. The economic growth estimates might be halved if the conflict

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EU cuts growth forecasts as Middle East war drags on https://www.politico.eu - 21.05.2026 11:32

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EU cuts growth forecasts as Middle East war drags on https://www.politico.eu - 21.05.2026 11:32