Mexican Media Brands
EC Outlook: Slow Growth through 2015
The European Commission perceives "signs of hope" that the region's economy is reviving.
#economics
Share
The European Commission perceives "signs of hope" that the region's economy is reviving. But it now expects the eurozone to grow only 1.1% in 2014.
The EC originally predicted next year's expansion at 1.4% but revised its forecast downward to 1.2% in May. It now expects unemployment to remain at 12.2% through 2014.
The commission forecasts the eurozone's economy will expand only 1.7% in 2015. That compares with growth for the broader EU economy of 1.4% next and 1.9% in 2015.
RELATED CONTENT
-
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.
-
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.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.