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IMF: Five European Economies Growing Twice as Fast as Eurozone

The International Monetary Fund (IMF) projects that five smaller European economies will grow by more than 3.5 percent annually through 2031—more than double the eurozone's expected rate. Ukraine ranks third with an average of 3.8 percent.

IMF: Five European Economies Growing Twice as Fast as Eurozone
Photo: images.euronews.com

The International Monetary Fund (IMF) projects that five smaller European economies will grow by more than 3.5 percent annually through 2031—more than double the eurozone's expected rate. Ukraine ranks third with an average of 3.8 percent.

The IMF expects the eurozone to grow by an average of 1.2 percent per year between 2027 and 2031. The entire European Union is forecast to expand by 1.4 percent. For comparison, the global economy is projected to grow by around 3.2 percent annually over the same period.

Topping the growth ranking is Malta with nearly 4 percent per year, followed by Kosovo at around 4 percent, Ukraine at 3.8 percent, Serbia at 3.52 percent, and Moldova at 3.5 percent. The projections are based on the IMF’s latest World Economic Outlook.

For Ukraine, the fund’s baseline scenario assumes a de-escalation of hostilities and the start of reconstruction. World Bank estimates the reconstruction cost at nearly $600 billion. In a risk scenario with continued war, growth in 2027 would be only 1 percent.

Source: de.euronews.com

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