EU forecast: moderate growth is expected in the European economy
According to the European Commission’s (EC) Winter Economic Forecast, the European economy will continue to grow in 2019, as expected in the last seven years, and performance is expected to increase in all Member States, although the pace of growth is expected to be more moderate, due to global uncertainty.
Pierre Moscovici, Commissioner for Economic and Financial Affairs and Taxation and Customs, said that the European economy is expected to grow by 1.5 percent this year. Due to global trade uncertainties and domestic factors affecting the largest EU economies, the slowdown will be stronger than predicted last autumn, especially in the euro area. (MTI)
Related news
The agricultural council must show the main directions of the agricultural policy after 2027
The aim of the six-month Hungarian presidency of the Council…
Read more >The European Union’s regulation on artificial intelligence has been announced
Today, the EU Regulation on Artificial Intelligence (“AI Regulation”) was…
Read more >Synthetic compounds in our food? The Association of Conscious Buyers is the domestic partner of an important EU project
ToxFree Life for All is the EU’s newly launched awareness…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >