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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.
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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.
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