General · 21 May 2026

EU growth forecast cut to 1.1 percent

European households and businesses face higher inflation and a slowdown due to rising energy prices. The European Commission on Thursday cut its economic growth forecast for the EU to 1.1 percent this year. Inflation is now expected to hit 3.1 percent, a full percentage point higher than earlier forecasts.

By BriefTea Editorial · 21 May 2026 at 16:51

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