Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BRUSSELS, May 19 (Xinhua) — The European Commission (EC) has significantly cut its growth forecast for the European Union to 1.1 percent in 2025 and 1.5 percent in 2026, according to its spring 2025 economic forecast released Monday, citing higher U.S. tariffs and uncertainty in global trade as reasons.
In November last year, the EC forecast that the EU economy would grow by 1.5 percent in 2025 and by 1.8 percent in 2026. –0–