Looking ahead with the European Commission
- Eurozone inflation 1.2% this year and next . 1.3% in 2021
- Eurozone growth 1.1% this year (previous 1.2%), 1,2% in 2020 (from 1.4% previous)
- German Growth: 0.4% this year (previously 0.5%) and 1.0% in 2020 (previously 1.4%)
- European economy has entered protracted period of subdued growth and low inflation
Confirmation here of the negative Euro area data we have been seeing for months now.