News: 2024.12.27
In 2024, economic growth in both the Eurozone and the UK will be weak. At the beginning of the year, economic activity showed promising prospects as real incomes rose, financial conditions improved, and recovery hopes grew. However, starting in the middle of the year, the situation began to change, and the European economy was in trouble.
The European economy faces multiple challenges, including global trade uncertainty, geopolitical risks, and internal structural problems. Goldman Sachs' latest forecast shows that the European economy will face a more severe test in 2025, and the cold wind and misfortunes never come alone.
Uncertainty in the global trading environment has had a significant impact on European export markets. As the U.S.-China trade war continues and the Brexit process remains uncertain, European companies face the risk of shrinking export markets and supply chain disruptions.
Geopolitical risks are also one of the important challenges facing the European economy. With the escalation of Russia's military action in Ukraine, instability in the Middle East and intensification of political differences within the EU, it is difficult to be optimistic about the European economic outlook.
In addition to external challenges, the European economy also faces internal structural problems. Problems such as high unemployment, low productivity and unequal distribution have long plagued European countries and restricted economic growth and social stability.