The European Commission revised its 2026 EU growth forecast downward to 1.1 percent from a prior 1.4 percent projection, with the eurozone forecast set at 0.9 percent. Eurozone business activity contracted for a second straight month in May, with the S&P Global Flash Composite PMI reaching 47.5, its lowest level since October 2023. A disputed inflation projection of 3.1 percent for 2026 appears in the same reporting but is contradicted within the source material.