EU expects Cyprus economy slowdown as war triggers fresh energy shock

The European Commission on Thursday released a report forecasting a slowdown in Cyprus’ economic growth alongside rising inflation, as the Middle East conflict triggers a fresh energy shock. In its Spring 2026 Economic Forecast, the commission said that Cyprus entered the crisis on a strong footing, supported by solid economic performance in 2025, but warned […]

Irish GDP set to fall by 1.2% this year - Commission

The Irish economy, as measured by gross domestic product (GDP), is forecast to decline in 2026, according to the European Commission Spring's 2026 Economic Forecast.

Commission on Greece: Energy prices squeeze 2026 growth to 1.8% and push inflation to 3.7%

The European Commission sees Greece’s economic growth falling below 2%, and is expected to reach 1.8% in 2026 and 1.6% in 2027, remaining, however, above the European Union average. Commission on Greece: Energy prices squeeze 2026 growth to 1.8% and push inflation to 3.7% - Η ΝΑΥΤΕΜΠΟΡΙΚΗ

By Ελίζα Καραγιώργη

EU cuts growth forecast as energy prices drive inflation higher

The European Commission lowered its economic growth forecast for the European Union after a new energy shock linked to conflict in the Middle East pushed inflation higher and weakened business confidence across the bloc. In its Spring 2026 Economic Forecast published on Tuesday, the Commission said the EU economy would continue to grow, though at a slower pace than previously expected. The Commission now expects EU gross domestic product growth of 1.1 per cent in 2026, down from the 1.4 p...