ING expects in its latest research report that the euro area's economic growth will stagnate in the fourth quarter, with a mild recovery expected to occur not until the second quarter of next year. Therefore, the institution once again lowered its GDP growth forecast for the euro area in 2025 to 0.6%, the same as the forecast for 2024. ING also anticipates that as inflation seems to be under control, the economy is increasingly showing signs of weakness, the European Central Bank may cut interest rates again at its October meeting. Afterwards, it should continue to cut rates at each meeting until the deposit rate reaches 2%.