EU cuts eurozone growth forecast to 0.8 pct in 2024 -- media

BRUSSELS -- The EU on Thursday cut its eurozone growth forecast to 0.8 percent for 2024 after a weak start to the year, media reported.

Previously, the European Commission predicted the single-currency economic area to grow by 1.2 percent. However, "after narrowly avoiding a technical recession in the second half of last year, prospects for the EU economy in the first quarter of 2024 remain weak," the commission said.