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International Business Times
International Business Times
World
Raziye Akkoc

YOU WONT BELIEVE: Eu cuts inflation forecast for 2024 despite uncertainty - You Need To See This

European Union Inflation eurozone Economy ECB Paolo Gentiloni Ukraine Gaza
Wednesday's forecast did not present a much brighter picture for Germany, with growth of 0.1 percent expected in 2024 (Credit: AFP)

The EU on Wednesday predicted lower inflation in the eurozone in 2024 than previously forecast but warned the single-currency area's economy still faced risks from geopolitical tensions including wars in Ukraine and Gaza.

The European Commission expects inflation to fall to 2.5 percent in 2024, down from a previous forecast of 2.7 percent -- news that will be welcomed by the European Central Bank (ECB).

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