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UK, Italy among Europe's slowest-growing nations - forecast

On the other hand, significant economic expansion is expected in Spain – the figure has been revised from 2.5% to 2.9% in 2018 and from 2.1% to 2.4% in 2019.
19:18, 5 May 2018

AFP

UK GDP growth forecast risen to 1.5% in 2018, 1.2% in 2019. Despite this, the UK economy is among the slowest-growing nations in Europe. Similar is the expected GDP growth of Italy – 1.5% this year and 1.2% next year.

At the same time, the economic growth of Germany, the largest economy in the Eurozone, is confirmed at 2.3% in 2018 and 2.1% next year.

 

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Expectations for the French economic growth have fallen from 2.6% to 2%, while remaining unchanged at 1.8% for next year. On the other hand, significant economic expansion is expected in Spain – the figure has been revised from 2.5% to 2.9% in 2018 and from 2.1% to 2.4% in 2019.

The European Commission has lowered the forecast for the economic growth of Greece – from 2.5% to 1.9% for this year, and from 2.5% to 2.3% due to the weak consumer sector of the country’s economy. Greece’s economic growth in 2017 exceeded 1% for the first time since 2007.

 

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France and Germany, according to the European Commission’s forecast, will finally meet two crucial criteria of stability. France is expected to lower its budget deficit to less than 3% of the country’s gross domestic product, whereas Germany’s debt is expected to drop below 60% of its GDP and will reach 56.3%.

Topics:
Система Orphus

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