Mexican Media Brands
Europe Lowers Economic Outlook
The European Commission, which had predicted growth next year of 1% in the 17-country eurozone and 1.3% in the 27-country European Union, now expects expansion of only 0.1% and 0.4%, respectively.
#economics #labor
Share
The European Commission, which had predicted growth next year of 1% in the 17-country eurozone and 1.3% in the 27-country European Union, now expects expansion of only 0.1% and 0.4%, respectively.
For the current year, the EC forecasts eurozone contraction of 0.4%, 0.1 point worse than its previous outlook. It expects the EU economy to shrink 0.3% instead of remaining unchanged from 2011.
Eurozone unemployment, now at 11.9%, is likely to peak at 12% next year, the EC estimates.
RELATED CONTENT
-
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.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
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.