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 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 >A complaint was filed against Chinese honey in the EU
With the professional support of the Ministry of Agriculture (AM),…
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 >