The International Monetary Fund (IMF) has lowered its growth forecasts for the Eurozone economy until 2026.

Alsharq Tribune - Sarah Benkraouda 

The International Monetary Fund (IMF) has estimated the Eurozone economy will grow by 0.8% in 2024.

It also downgraded growth forecasts for 2025 to 1% and for 2026 to 1.4%, according to the report published by the organization .

The IMF's estimates indicate that by the end of 2024, the Eurozone's GDP is expected to grow by 0.8%.

According to the figures shown in the provided tables, the European economy is expected to grow by 1% in 2025, with a slowdown of 0.2 percentage points compared to the previous October forecast.

For 2026, the IMF predicts that the Eurozone's GDP will grow by 1.4%, which is 0.1 percentage points lower than the previous forecast .

The Eurozone is one of the largest economic blocs in the world, consisting of European countries that use the single currency ( the euro ) .

The region faces multiple economic challenges, including high inflation, slowed growth, and the effects of geopolitical crises.

The IMF closely monitors the performance of global economies and regularly publishes reports to assess economic forecasts .

In its latest report, the IMF revised down its growth forecasts for the Eurozone in the coming years, reflecting the ongoing challenges faced by European economies.