The EU commission has released some sobering revised forecasts
- +1.1% for 2014 and +1.7% 2015
- EU GDP 0.0% 2013, +1.4% 2014 +1.95 2015
- German GDP +0.5% 2013, +1.7% 2014, +1.9% 2015
- French GDP +0.2% 2013,+0.9% 2014, +1.7% 2015
To save time and my little typing fingers here’s the table in full !
EU Commission GDP forecasts Nov 2013
EU Commission forecasts Nov 2013
The report shows a slower expansion in the EZ next year and cites causes as weaker private demand. Investment and inflation will be staying well below the ECB target for next two years and lends support to the argument for an interest rate cut