: :inin Kyiv (EET)

Economic blues for the eurozone


The European Commission’s autumn economic forecasts, published on Tuesday (4 November), lay bare the worsening state of the eurozone economy, which is expected to grow by just 0.8% this year, 1.1% in 2015 and 1.7% in 2016. That is well below the trend growth rate of more than 2% in the decade before the financial crisis.
Employment will rise by 0.4% in 2014 and 0.5% in 2015, the Commission forecast, leaving unemployment at 10.8% in 2016. Overall eurozone government debt will stand at 94.5% of gross domestic product (GDP) in 2014, climbing marginally in 2015 before starting to fall in 2016.
Marco …read more

Source: European Voice

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