The European Commission lowered its growth forecast for this year and next
Core inflation is now higher than the headline rate
The 20 eurozone countries saw modest growth in Q2
New inflation figures are to be published Friday
The eurozone had a technical recession, with output dropping in Q4 2022 and Q1 2023
Inflation and U.S. bank turmoil still pose challenges
Analysts say the ECB's meeting Thursday could end in a quarter- or half-percentage point rate hike
Despite the drop in Spain and the Netherlands, core eurozone inflation remains sticky
The European Central Bank is expected to raise interest rates again mid-month
Steadier natural gas prices contributed to the improved outlook