The European Commission raised the euro area economic growth and inflation projections for this year and next on Monday, but warned that the single currency bloc faces several risks that policymakers must monitor closely.
The currency-bloc is projected to grow 1.1 percent this year and 1.6 percent in 2024, the executive arm of the EU said in its Spring economic forecast. These figures reflect upward revision from 0.9 percent and 1.5 percent, respectively.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.