Forbes October 25, 2024
Europeans feel decidedly grouchy about the region’s economic prospects. And there’s plenty to worry about, including an intense conflict in Ukraine and an escalating war in the Middle East, European labor productivity lagging behind that of the US and China, a deteriorating economic outlook for Germany, and uncertainty about the effects of 2024’s many consequential elections. But despite all that, the economic outlook for Europe in 2025 remains mildly positive; inflation should drop to 2.2%, GDP will grow by 1.5%, and unemployment should remain close to its 20-year low, with a forecast of 6.0%. EU regulators will be busier than ever in 2025; they’ll begin to enforce the relevant portions of the EU AI Act, Corporate Sustainability Reporting Directive (CSRD),...
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