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Urgent: EU cuts eurozone 2026 growth forecast to 0.9 pct on Mideast war

Xinhua
| May 21, 2026
2026-05-21

BRUSSELS, May 21 (Xinhua) -- The European Commission on Thursday cut its 2026 GDP growth forecast for the euro area to 0.9 percent amid the war in Iran, down from a previous prediction of 1.2 percent.

The commission also hiked its forecast for inflation in the eurozone to 3.0 percent this year, compared to a previous 1.9 percent projection. Enditem

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