The European Central Bank is getting closer to achieving the 2% inflation target, with April's inflation data anticipated to be only slightly above that target. According to a survey of 32 economists, this month's Consumer Price Index increase may slow to 2.1%. The core inflation rate to be announced next Friday is expected to rise to 2.5%. Andrew Kenningham, chief European economist at Capital Economics, stated that the corporate survey data for April indicates that to date, US tariffs have not caused significant damage to the Eurozone, but it is believed that they will have a significant impact in the coming months, and the GDP growth forecasts for the Eurozone for the second and third quarters have been revised down to nearly zero.