“The EU economy began 2025 on a somewhat stronger footing than anticipated. It is projected to keep growing at a modest rate this year, with growth expected to pick up in 2026, despite heightened global policy uncertainty and trade tensions.” This is the overall horizon that comes out of the over 200 pages of the Spring Economic Forecast that was presented in Brussels earlier today by Valdis Dombrovskis, Commissioner for Economy. The EU Commission expects the real GDP to grow by 1.1% in the EU in 2025 and by 0.9% in the Eurozone, basically at the same pace as that of 2024. In 2026, growth is expected to speed up to 1.5% in the EU and to 1.4% in the Eurozone. Overall inflation in the Eurozone is believed to slow down from 2.4% in 2024 to 2.1% in 2025 and to 1.7% in 2026, on average. In the EU-27, inflation should move along the same lines. Dombrovskis stated: “The EU economy is demonstrating resilience amid high trade tensions and a surge in global uncertainty. Underpinned by a robust labour market and rising wages, growth is expected to continue in 2025, albeit at a moderate pace. Inflation is declining faster than previously forecast and is on track to reach the 2% target this year”. The Commissioner for Economy instantly added: “But we cannot be complacent. The risks to the outlook remain tilted to the downside, so the EU must take decisive action to boost our competitiveness”.