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Get the free app no ads · no paywallBusiness · 21 May 2026
Unsplash / Christian Lue
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.
Reported by Politico · How we write briefs
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