European Economic Forecast. Summer 2019

Summary:

The European Commission published on 10 July 2019 its Summer economic forecast for the European Union (EU) and the Eurozone.

Further information:

The European economy was forecast to achieve its seventh consecutive year of growth in 2019, with all Member States' economies due to expand. Growth in the euro area was stronger than expected in the first quarter of the year due to a number of temporary factors. It also benefited from fiscal policy measures, which boosted household disposable income in several Member States. The near-term outlook for the European economy, however, was clouded by external factors. These continued to weigh on confidence in the manufacturing sector, which is the most exposed to international trade, and were projected to weaken the growth outlook for the remainder of the year.

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News

Times of Malta, 10/07/2019: Malta tops EU growth forecast https://timesofmalta.com/articles/view/malta-tops-eu-growth-forecast.720727

Euronews, 10/07/2019: EU lowers eurozone 2020 growth forecast https://www.euronews.com/2019/07/10/eu-lowers-eurozone-2020-growth-forecast

Bloomberg, 10/07/2019: EU Cuts Growth and Inflation Forecasts for Next Year https://www.bloomberg.com/news/articles/2019-07-10/eu-sees-euro-area-weakness-persisting-as-outlook-for-2020-cut

MarketWatch, 10/07/2019: European stocks lower as EU cuts growth forecast and all eyes on the Fed https://www.marketwatch.com/story/european-stocks-lower-as-eu-cuts-growth-forecast-and-all-eyes-on-the-fed-2019-07-10

Hungary Today, 10/07/2019: EU Commission Raises Hungary 2019 GDP Forecast to 4.4 percent https://hungarytoday.hu/eu-commission-raises-hungary-2019-gdp-forecast-to-4-4-percent/

The Irish Times, 10/07/2019: Ireland’s economic outlook ‘clouded in uncertainty’, EU warns https://www.irishtimes.com/business/economy/ireland-s-economic-outlook-clouded-in-uncertainty-eu-warns-1.3952314

RTÉ News, 10/07/2019: Economy set for solid growth but EU warns of overheating https://www.rte.ie/news/business/2019/0710/1061269-irish-growth-forecasts/

Novinite, 11/07/2019: The EC Keeps its Economic Forecast for Bulgaria https://www.novinite.com/articles/198472/The+EC+Keeps+its+Economic+Forecast+for+Bulgaria

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Official

European Commission: Summer 2019 Economic Forecast: Growth clouded by external factors https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-forecasts/summer-2019-economic-forecast-growth-clouded-external-factors_en

European Commission: Press Release, 10/07/2019: Summer 2019 Economic Forecast: Growth clouded by external factors http://europa.eu/rapid/press-release_IP-19-3850_en.htm

European Commission: Commissioner Moscovici's remarks presenting the Summer 2019 Economic Forecast, 10 July 2019 http://europa.eu/rapid/press-release_SPEECH-19-4035_en.htm

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