According to the winter forecast presented on Thursday, the Commission expects gross domestic product (GDP) in the member states of the monetary union to grow by just 0.8 percent in 2024. In the fall, it had predicted growth of 1.2 percent. „The recovery expected in 2024 is likely to be more moderate than forecast three months ago“, said EU Commissioner for Economic Affairs Paolo Gentiloni. However, growth could consolidate in 2025. In addition, inflation could land at a value close to the European Central Bank’s target of two percent.