EU forecasts: the European economy will show stable but subdued growth over the next two years

According to the European Commission’s (EC) winter economic forecast, the European economy is on a path of steady but moderate growth over the next two years, with job creation and continued wage growth. The euro area has enjoyed the longest uninterrupted period of growth since its introduction in 1999.

Valdis Dombrovskis, European Commissioner, responsible for Human Economy, said that the growth of the euro area’s gross domestic product (GDP) would remain stable at around 1.2 percent in 2020 and 2021. (MTI)