Mexican Media Brands
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
Share
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
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.