The European Economic Outlook: (Yet) Another Shock
The conflict in the Middle East has pushed up oil and other commodity prices, weighing on sentiment and adding to European inflation. The growth outlook has dimmed. Yet, despite these headwinds, the region continues to show resilience, with 2026 still expected to deliver modest growth. Risks, however, remain firmly skewed to the downside as Europe’s structural and cyclical challenges mount.
Join our economists—Gaurav Ganguly, Head of International Economics; Kamil Kovar, Head of Eurozone Forecasting; and Barbara Teixeira Araujo, Senior Eurozone Economist—as they assess the implications of recent developments, unpack the key risks, and provide an updated view on Europe’s economic prospects.
-
SpeakersGaurav Ganguly Head of International Economics Moody's Analytics
Kamil Kovar Associate Director - Senior Economist Moody's Analytics
Barbara Teixeira Araujo Associate Director - Senior Economist Moody's Analytics
Have a question? Please post in the box below.
We'll answer questions submitted through June 29
Please register to view the slides
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseMoody's Events
close
Dr. Gaurav Ganguly is Head of International Economics at Moody’s Analytics, where he heads economic research for Europe, the Middle East, Africa and Asia-Pacific. His research interests include international economics, geopolitics and climate change. Together with his research group, he focuses on the key risks facing the global economy and the ways in which these might manifest. His economic scenarios, forecasts and analysis are used by financial institutions, governments and companies to actively manage risks. He is a well-known public speaker and frequently comments on economic issues across and appears in the media. Based in London, he has taught at various Universities in the UK and held visiting academic positions, including a research fellowship at the Grantham Institute for Climate Change at Imperial College. Gaurav obtained his Master’s degree and a doctorate in Economics from the University of Oxford.
Barbara Teixeira Araujo is an assistant director and economist at the Moody's Analytics Prague office. She is responsible for providing research and analysis on key European economies. Before joining Moody’s Analytics, Barbara worked at the economic research department of Natixis in Paris. Her work experience includes macroeconomic forecasting and real-time economic coverage. She holds a master’s degree in international economics and a BSc in financial engineering from Paris-Dauphine University.