• European Commission lowered the 2020 GDP growth forecasts for eurozone

Market news

10 July 2019

European Commission lowered the 2020 GDP growth forecasts for eurozone

  • EU commission lowers eurozone GDP growth forecast for 2020 to 1.4% from 1.5% previously estimated, keeps outlook unchanged for 2019 at 1.2%.

  • European commission cuts eurozone inflation forecast to 1.3% this year and next from 1.4% previously estimated for both years.

  • EU Commission sees uncertainty over US trade policy as a major risk for the European economy.

  • EU Commission keeps unchanged UK GDP growth forecast at 1.3% in 2019 and 2020.

  • Germany 2019 GDP growth forecast - 0.5% (unchanged)

  • Germany 2020 GDP growth forecast - 1.4% (previously 1.5%)

  • France 2019 GDP growth forecast - 1.3% (unchanged)

  • France 2020 GDP growth forecast - 1.4% (previously 1.5%)

  • Italy 2019 GDP growth forecast - 0.1% (unchanged)

  • Italy 2020 GDP growth forecast - 0.7% (unchanged)

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