The forecast was still lower than the one reported by Russian Finance Minister Anton Siluanov in April, who claimed that the country's GDP would grow by 3.6% in 2024.

Estonia's gross domestic product (GDP) will decrease by 0.5 percent this year, but will increase by 3.1 percent next year, the European Commission's spring forecast says.

"In the EU, [inflation] is now expected to decrease from 6.4% in 2023 to 2.7% in 2024 and 2.2% in 2025. In the euro area, it is forecast to fall from 5.4% in 2023 to 2.5% in 2024 and 2.1% in 2025.

The economic landscape of Russia underwent a significant downturn following the initiation of the intensive military operations in Ukraine during 2022. Encountering a barrage of Western sanctions and ...

The Commission noted that despite encouraging unemployment levels, wage growth remained sluggish in 2023, leading to a decrease in real wage growth per capita due to expansion in low-wage sectors ...

The European Commission has maintained its expectations for the performance of the Irish economy this year with a predicted GDP growth rate of 1.2%.

Brussel’s growth forecasts of 1.4% and 2.3% for this and next year are significantly lower than those of the Luxembourg government ...

The EU on Wednesday predicted eurozone inflation to fall faster in 2024 but warned the single-currency area's economy still faced risks from geopolitical tensions including wars in Ukraine and ...

The European Commission (EC), in its new macroeconomic estimates, has revised upwards Spain's Gross Domestic Product (GDP) growth in 2024 from 1.7% to 2.1%.

In light of the lower budget deficit forecast, the projection for the growth of the state debt has also improved. The EC now expects it to grow to 94.4% of GDP this year and to 97.8% of GDP in 2025, ...

The European Commission anticipates that Bulgaria will narrowly approach meeting the inflation criterion required for entry into the Eurozone, although it may not fully satisfy it. In its latest ...

Italy’s government needs to devise a credible medium-term fiscal consolidation plan to stabilise public debt given challenges of high interest costs, excessive past tax incentives, and delays in ...