EU Cuts Eurozone Growth Forecasts in World Economy News 21/05/2026 The European Commission, in its Spring 2026 Economic Forecast, has revised down its Eurozone GDP growth forecast for the coming years, citing inflation pressures from the Middle East conflict. The bloc’s GDP is now projected to grow by 0.9% this year, down from a previous forecast of 1.2%, while the 2027 outlook has also been lowered to 1.2% from 1.4%, as the impact of the energy shock is set to extend into next year. Among the Eurozone’s largest economies, Germany’s GDP growth was cut to 0.6% for 2026 and 0.9% for 2027, down from previous estimates of 1.2% for both years. France’s growth is forecast at 0.8% in 2026 (down from 0.9%) and 1.1% in 2027. Italy’s growth was lowered to 0.5% for 2026 and 0.6% for 2027, down from 0.8% previously. Spain is expected to outperform, with growth at 2.4% in 2026 (up from 2.3%) and 1.9% in 2027. Inflation in the bloc is now projected at 3.0% for 2026, up from 1.9% in the previous estimate, before easing to 2.3% in 2027, also revised upward from 2.0%. Source: Trading Economics 2026-05-21 hellenicshippingnews... tweet Share