Latest forecast: economic recovery continues in 2016, but in 2017 GDP growth rate may decline in the EU

By: trademagazin Date: 2016. 08. 08. 11:24

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The BUSINESSEUROPE predicts that in 2016 at EU level a 2.0 percent GDP growth is expected, but the competitiveness of the continent may decrease in 2017.

According to the latest analysis of BUSINESSEUROPE, economic growth in the European Union in 2016 may be 2.0 percent, while in the euro zone a lower, 1.7 percent GDP growth is expected. However in 2016 worse data is expected. The main challenging issues are related to migration, Schengen, the development of investments and the Free Trade Agreement (FTA) between the EU and the USA.