The European Union forecasts a modest economic growth
Despite the drop in oil prices and the relatively weak euro, a moderate economic growth can be expected in all countries of the European Union – according to the autumn forecast of the European Commission that was published on Thursday.
In 2016 and 2017, the positive impact of structural reforms will help further economic growth in some countries, despite the slowdown in world trade and the prevailing geopolitical tensions – the summary of the committee reveals.
For the entire euro zone, the prognosis calculates with a GDP growth of 1.6 percent for 2015 and 1.8 percent for 2016. For 2017, 1.9 percent is expected. In terms of entire European Union, the increase is expected to be 1.9 percent of the GDP this year, 2.0 in 2016 and 2.1 percent in 2017. (MTI)
Related news
The EU adopted a recommendation on the introduction of a sustainability reporting standard for SMEs
The European Commission has adopted a recommendation to introduce a…
Read more >Choking hazard pacifiers and toxic raincoats: EU investigates flood of Temu and Shein products
Pacifiers that can cause choking, sunglasses without UV filters, cosmetics…
Read more >Inflation accelerated to 2 percent in the eurozone and 2.3 percent in the EU on an annual basi
Inflation in the euro area and the European Union accelerated…
Read more >Related news
The 30,000-forint pensioner food voucher cannot be used in all stores
Between September 1 and October 15, the 30,000-forint pensioner food…
Read more >K&H: more and more Hungarian SMEs are looking for EU funding opportunities
The desire to apply has flared up again among Hungarian…
Read more >Here is the Supermint summer seed test: zucchini in the lead role
Experts from the National Food Chain Safety Office (Nébih) tested…
Read more >