DID Press: European Commission has lowered its economic growth forecast for the European Union in 2026, citing escalating tensions in the Middle East and the economic fallout from the Iran conflict, which officials say has triggered a severe energy shock across the continent.
The Commission stated that recent developments in the region have placed significant pressure on Europe’s economic outlook and disrupted the bloc’s recovery trajectory.
The EU Commissioner for Economic Affairs warned that the ongoing conflict in the Middle East has delivered an “unprecedented shock” to Europe’s energy sector, adding that the strain is likely to persist in the coming months.