19:24 7 November 2019
Post by: WBJ

EC lowers forecast of GDP growth in EU

EC lowers forecast of GDP growth in EU
source: EC

The European Commission (EC) lowered economic growth forecasts for Poland. GDP growth is to amount to 4.1% this year. and 3.3% in 2020. Already in summer analysts predicted that growth in Poland will be 4.4% in 2019 and 3.6% next year.

Although the accelerating Polish economy is expected to slow down considerably, next year it will be among the most dynamic in the EU. Only Malta (4.2%), Romania (3.6%) and Ireland (3.5%) are to grow faster. The EC has lowered its forecast for GDP growth across the EU as well – in 2020 to 1.4% from 1.6%, and in 2021 also forecasts 1.4%, results from the EC's autumn forecasts. The Commission maintained its estimate of GDP growth in 2019 at 1.4%. For the euro area, the EC reduced its GDP growth forecasts for 2019 to 1.1%, 

According to the European Commission, prospects for the EU economy are still burdened with clearly negative risks related to geopolitical and trade tensions, the future of EU-UK trade relations, and the possibility of recession translating in the industrial sector into the services sector. 

(Business Insider


More News


4 days ago

'This time made me realize that some things are unnecessary': actress

13 days ago

ROBYG provides subsidies for children's holidays

21 days ago

'I would like to follow the path of Remigiusz Mróz': Patrycja Strzałkowska

25 days ago

Der Elefant Restaurant gets Tripadvisor Travelers' Choice Award 2020

Book of Lists

Book of Lists
5 months ago

25th jubilee edition of Book of Lists – project start