Press conference - Eurogroup

11 juin 2026

Council of the European Union Conseil européen

00:40 - 01:13
Intervenant 1
Good afternoon everyone and welcome to those joining us online.  I'm Pierre Mailhak of the IMF's Communications Department and we are here today to present our annual economic assessment of the euro area, which has just been presented to the Eurogroup.  With us today we have Managing Director Kristalina Georgieva and Oya Celasun, Deputy Director of our European Department.  We'll open with some remarks by the Managing Director and then we turn to you for your questions.  MD, over to you. 
01:13 - 02:32
Intervenant 2
Thank you.  Mike is now on. 

Thank you for being so resilient, you're here.  We recognize that the euro area economy, like the rest of the world, is facing a more challenging environment.  The latest shock from the war in the Middle East and the associated rise in energy prices have weakened the outlook and added to structural headwinds Europe already faced, including population aging and subdued productivity growth. 

As a result, we have revised growth down and inflation up already in April.  Since then, disruptions have proven more persistent than we assumed.  Inflation has risen noticeably and consumer confidence has plummeted.  That led to further downward revisions for growth and upward revisions for inflation. 

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