The reported revisions also trimmed the 2027 GDP outlook to 1.2% from 1.3%, signaling a weaker medium-term trajectory for the eurozone economy.
A reported European Central Bank survey lowered eurozone growth forecasts, cutting the 2026 GDP outlook to 0.6% from 1.0% and trimming the 2027 projection to 1.2% from 1.3%. The revisions point to softer momentum in the currency bloc’s medium-term economic outlook, underscoring concerns that Europe’s economy is losing steam.