European Commission cuts EU growth forecast to 1.1% amid Middle East conflict
The European Commission has reduced its growth forecast for the EU from 1.4% to 1.1% due to rising energy prices linked to the ongoing conflict in the Middle East. This situation is contributing to higher inflation and increasing public debt across member states. The IMF has warned that persistent supply disruptions could push inflation close to 5%, raising concerns about a potential recession by 2026.
- ▪The European Commission cut its growth outlook for the EU to 1.1% for the current year.
- ▪Energy prices are rising due to the conflict in the Middle East, impacting the entire European economy.
- ▪The IMF warns that if supply disruptions continue, inflation could approach 5%, risking a recession.
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European Commission cuts EU growth forecast to 1.1% amid Middle East conflict Surging energy prices and renewed inflation pressures are squeezing Europe's economy, with potential ripple effects across risk assets and crypto markets. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The European Commission just slashed its growth outlook for the bloc, trimming expectations from 1.4% to…
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