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Autumn forecast: Germany’s growth brings up the rear

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Published: November 18th, 2024,
Last updated: November 20th, 2024

Economic Affairs Commissioner Paolo Gentiloni urges EU states to implement structural reforms in order to be better prepared for trade conflicts.

The EU Commission is somewhat more skeptical about the economy in the eurozone and does not expect a noticeable economic recovery until 2026. The Brussels authority still expects gross domestic product (GDP) in the monetary union to increase by 0.8 percent in 2024, but only anticipates growth of 1.3 percent next year. This is according to the autumn forecast presented on Friday. In May, the Commission had predicted growth of 1.4 percent. In 2026, growth is expected to be stronger at 1.6 percent.

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