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.
Gross domestic product growth rate forecasts in the European Union in 2024, by member state (percentage increase on previous period)
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European Commission. (May 15, 2023). Gross domestic product growth rate forecasts in the European Union in 2024, by member state (percentage increase on previous period) [Graph]. In Statista. Retrieved September 27, 2023, from https://www.statista.com/statistics/1102546/coronavirus-european-gdp-growth/
European Commission. "Gross domestic product growth rate forecasts in the European Union in 2024, by member state (percentage increase on previous period)." Chart. May 15, 2023. Statista. Accessed September 27, 2023. https://www.statista.com/statistics/1102546/coronavirus-european-gdp-growth/
European Commission. (2023). Gross domestic product growth rate forecasts in the European Union in 2024, by member state (percentage increase on previous period). Statista. Statista Inc.. Accessed: September 27, 2023. https://www.statista.com/statistics/1102546/coronavirus-european-gdp-growth/
European Commission. "Gross Domestic Product Growth Rate Forecasts in The European Union in 2024, by Member State (Percentage Increase on Previous Period)." Statista, Statista Inc., 15 May 2023, https://www.statista.com/statistics/1102546/coronavirus-european-gdp-growth/
European Commission, Gross domestic product growth rate forecasts in the European Union in 2024, by member state (percentage increase on previous period) Statista, https://www.statista.com/statistics/1102546/coronavirus-european-gdp-growth/ (last visited September 27, 2023)
Gross domestic product growth rate forecasts in the European Union in 2024, by member state (percentage increase on previous period) [Graph], European Commission, May 15, 2023. [Online]. Available: https://www.statista.com/statistics/1102546/coronavirus-european-gdp-growth/