EBRD cuts 2025 growth forecast to 3.2%

The European Bank for Reconstruction and Development has cut its economic growth forecast for 2025 to 3.2%, down 0.3 percentage points from its previous estimate, due to weak external demand and the effects of conflicts.

The bank explained, in its semi-annual report issued today, Thursday, that this is the third consecutive revision to its economic forecasts for its region, which includes emerging Europe, Central Asia, the Middle East and Africa.

The report also warned of risks to the economic outlook, such as uncertainty over customs duties, escalating trade wars, and declining competitiveness in Europe, which increases pressure on the economies of the countries covered.