The European Commission raised the growth forecast for the euro area on Wednesday and warned that inflation could be higher than expected if supply constraints persist.Eurozone is set to grow 4.8 percent this year, the executive arm of the EU said in its latest summer projections. That is stronger than the spring projection of 4.3 percent.The outlook for next year was raised to 4.5 percent from 4....
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.