00:00While expected to be more contained than in a previous energy crisis,
00:05inflation is still projected to rise sharply.
00:09Higher energy prices are already hitting our consumers and businesses
00:13with data from March and April of this year showing a sharp increase in energy inflation.
00:20Overall, GDP growth in the EU is projected to be at 1.1% in 2026
00:28before edging up in 2027 to 1.4%.
00:33Growth projections for the euro area have also been revised down to 0.9% in 2026
00:41and 1.2% in 2027.
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