JPMorgan Follows Goldman In Raising Euro Area’s 2025 Growth Forecast

by THEFUTURE.TEAM

March 10, 2025

JPMorgan has joined Goldman Sachs in revising its economic growth forecast for the euro area in 2025, increasing it by 0.1 percentage point to 0.8%. For 2026, the bank now expects growth of 1.2%, an upward revision of 0.3 percentage points.

“This revision is primarily driven by Germany, but we also anticipate slightly stronger growth across the rest of the region due to spillover effects and a somewhat looser fiscal policy,” JPMorgan economists stated in a note released late Friday.

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Last week, German political parties negotiating to form a new government reached an agreement to relax fiscal rules, potentially triggering a borrowing surge of nearly one trillion euros to finance defence and infrastructure investments.

However, JPMorgan cautioned that uncertainty surrounding Donald Trump’s tariff policies could weigh on economic growth in the coming months. Additionally, the bank projects a slight increase in euro area inflation for both this year and next.

On Thursday, the European Central Bank (ECB) made its sixth rate cut since June, lowering the deposit rate to 2.5%. Despite this, the ECB warned of “phenomenal uncertainty,” citing risks such as trade wars and increased defence spending, which could drive inflation higher and potentially delay further policy easing.

In its note, JPMorgan also revised its outlook for ECB rate cuts, no longer expecting a reduction in April. Instead, the bank now anticipates only two rate cuts this year—in June and September—compared to its previous forecast of three.

“We see risks that the potential imposition of U.S. tariffs on European goods could push the ECB toward a live decision in April and back to a back-to-back rate-cut approach,” JPMorgan added.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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