Mexican Media Brands
EC Cuts Eurozone Economic Forecast through 2016
The European Commission has lowered its forecast for economic expansion in the eurozone this year to 0.8% from its previous estimate of 1.2% growth.
#economics
Share
The European Commission has lowered its forecast for economic expansion in the eurozone this year to 0.8% from its previous estimate of 1.2% growth.
The EC also dropped its growth projection for 2015 to 1.1% from 1.7%. The commission now says the eurozone is not likely to achieve 1.7% growth until 2016.
High unemployment and slow growth will continue through next year, the EC says. It cautions that any worsening of France's weak economy could further dampen eurozone growth.
RELATED CONTENT
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.