We continue to expect eurozone GDP will expand by 0.8% this year and have lowered our growth estimate for 2025 by 0.1ppt to 1.3%, following a larger cut of 0.3ppts last month. We still think inflation will average 2.3% this year and undershoot the ECB's 2% target at 1.5% in 2025.
Eurozone: Growth momentum will continue to moderate