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Investing.com -- The European Commission has predicted that Euro-area inflation will dip below the target set by the European Central Bank (ECB) next year.
This anticipated decrease in inflation is attributed to the repercussions of US trade policies.
According to the spring forecast released by the European Union’s executive arm on Monday, consumer-price growth is expected to slow down to the ECB’s 2% goal by the middle of this year.
By 2026, the average is projected to be only 1.7%.
The commission highlighted several downward pressures that are contributing to this inflation reduction.
Lower energy costs, the rerouting of Chinese goods, and a stronger euro are all factors that are having a clearly negative impact on the inflation rate, as per the commission’s statement.
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