Wednesday, May 4, 2016

The Economic recovery in Euro zone will be at slower pace due to subdued growth globally

Euro zone growth will be slower than previously expected with subdued inflation in 2016, the European Commission announced in its spring economic forecast, warning of high risks to the bloc's economy. The GDP of the 19-nation area is now predicted to expand just 1.6% this year, less than the 1.7% growth of 2015, while consumer prices are seen up 0.2%, significantly below the 0.5% increase projected in February. "The economic recovery in Europe continues but the global context is less conducive than it was.