Brocker.Org: EC ups 2017 Eurozone GDP forecasts, but slashes inflation forecasts

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In its latest forecasts report on the 19-nations bloc’s economy, the European Commission (EC) raised 2017 Eurozone GDP forecast, while slashing the inflation forecasts.

Key Details:

Raises 2017 Eurozone GDP forecast to 1.7% vs 1.6% prev

2018 GDP unchanged at 1.8%

EU GDP growth 1.9% for 2017 and 2018

UK 2017 GDP 1.8% vs 1.5% prev but down to 1.3% in 2018 vs 1.2% prev

EZ 2017 inflation f/cast down to 1.6% vs 1.7% prev

EZ 2018 inflation f/cast seen at 1.3% vs 1.4% prev

French deficit f/cast 3% of GDP in 2017 vs 2.9% prev, 3.2% in 2018

EZ 2017 unemployment 9.4% and 8.9% in 2018

German trade surplus slowing down to 8.0% of GDP in 2017 and 7.6% in 2018 vs 8.5% in 2016

German 2017 GDP unchanged at 1.6% (prev 1.6%), 2018 seen at 1.9% for (prev 1.8%)

French 2017 GDP seen at 1.4%, 2018 at 1.7%

Italian 2017 GDP seen at 0.9%, 2018 at 1.1%

 

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