EU

The European Commission has downgraded its 2026 growth forecast for the EU economy to 1.1%, citing increased energy prices due to the Middle Eastern conflict. The eurozone outlook fell to 0.9%, reflecting risks from global energy market disruptions and escalating inflation, now expected to reach 3.1%.

EUROPE MORNING BRIEFING

This morning, European Commissioner Hadja Lahbib affirmed the European Commission’s commitment to address tensions in the Middle East and enhance repatriation efforts for stranded Europeans. The EU Civil Protection Mechanism has been activated for this purpose.

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