EU Expects 2.3% Growth for Eurozone in 2018
The European Commission predicts economic growth in the European Union and eurozone will be 2.3% this year, compared with about the 2.4% it estimates for 2017.
#economics #labor
The European Commission predicts economic growth in the European Union and eurozone will be 2.3% this year, compared with about the 2.4% it estimates for 2017.
The EC expects the economies of both regions will expand by 2% in 2019. All three rates are greater than those predicted by the commission last November.
At that time, the EC anticipated growth in 2017 of 2.2% for the eurozone and 2.3% for the EU. The commission also forecast growth in both regions would be 2.1% in 2018 and 1.9% in 2019.
The EC’s Winter 2018 Interim Economic Forecast attributes its more bullish forecasts to “stronger cyclical momentum” in Europe, rising economic sentiment, accelerating global trade and positive financing conditions.
The EC adds that it expects inflation, which reached 1.5% last year, will remain at that level this year and increase to 1.6% in 2019.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
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.