×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Europe | Economy

EU Slashes Its Forecasts for Eurozone Economic Growth

EU Slashes Its Forecasts for Eurozone Economic Growth

Thursday, 07 February 2019 05:38 AM

BRUSSELS (AP) — European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the reduced estimate was vulnerable to "large uncertainty" from slowing growth in China and weakening global trade.

The EU's executive Commission cut the forecast for this year to 1.3 percent from 1.9 percent in their earlier forecast last autumn.

The eurozone probably grew 1.9 percent last year, slowing from a 10-year high of 2.4 percent in 2017. A raft of risks is stalking the European and global economies, including China's slowdown, a trade dispute between the U.S. and China that has created new import taxes, and the chance that Britain could leave the European Union in March in a chaotic fashion without approving a transition agreement.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the reduced estimate was vulnerable to "large uncertainty" from slowing growth in China and weakening global trade.The EU's executive Commission cut the forecast...
EU,Europe,Economy
126
2019-38-07
Thursday, 07 February 2019 05:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved