GDP growth rate forecasts in European Union 2024
The economy of the European Union is set to grow by 1.7 percent in 2024, according to forecasts by the European Commission. This marks a significant slowdown compared to previous years, when the EU member states grew quickly in the aftermath of the COVID pandemic. Ireland is the country which is forecasted to grow the most in 2024, with an annual growth rate of five percent. Many of Europe's largest economies, on the other hand, are set to experiencing slow growth or stagnation , with Germany and France growing by 1.4 percent and Italy by only 1.1 percent.
