The European Commission has cut its economic growth forecast for the EU, citing higher US tariffs and rising uncertainty.

In its spring 2025 Forecast, the Commission lowered GDP growth estimates to 1.1 percent for 2025 and 1.5 percent for 2026, down from 1.5 percent and 1.8 percent previously.

Eurozone growth is now projected at 0.9 percent in 2025 and 1.4 percent in 2026.