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The European Commission lowered the forecast for the growth of the euro area economy for 2018 from 2.3% to 2.1%. In 2019 GDP is expected to grow by 2%. The estimation of economic growth in 27 EU countries for 2018 was reduced from 2.5% to 2.3%. The forecast for growth for 2019 was left unchanged at the level of 2.1%. EC expects in 2018 inflation in the EU at 1.9%, in the eurozone - at 1.7%. The forecast is increased due to the growth of oil prices. In the second half of the year, experts expect the strengthening of the economy on the background of improving labor market conditions, reducing of the household debt and maintaining a favorable monetary policy. The European Commission lowered the forecasts for the growth of the economy of the eurozone and the EU against the backdrop of such unfavorable external conditions as the growing tension in trade with the United States.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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