The European Commission expects sluggish gross domestic product (GDP) growth in the European Union during 2023-2025, according to new a new forecast published on Thursday. “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,” a commission press release said. The EU executive’s latest forecast is even bleaker than its previous estimates. Growth has been “held back by the erosion of household purchasing power,” high interest rates and falling demand for exports, it said. The commission estimates EU …