- EU Commission cuts Eurozone's 2019 GDP growth forecast to 1.2 percent from 1.3 percent forecast in February
Market news
7 May 2019
EU Commission cuts Eurozone's 2019 GDP growth forecast to 1.2 percent from 1.3 percent forecast in February
- 2020 GDP growth projection lowered to 1.5 percent from 1.6 percent seen in February
- Eurozone's unemployment seen at 7.7 percent of the workforce this year and declining to 7.3 percent next year
- Eurozone's inflation projected at 1.4 percent this year and 1.4 percent in 2020
- Eurozone's aggregated public debt to drop to 85.8 percent of GDP this year (from 87.1 percent in 2018) and to decline to 84.3 percent of GDP in 2020
- Eurozone's aggregated budget deficit seen rising to 0.9 percent of GDP in 2019 (from 0.5 percent last year) and to remain at 0.9 percent in 2020
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