Who wants to know the latest European Commission economic forecasts?

What, you all do? Your luck is in boys and girls.

  • Eurozone 2017 GDP 1.6% vs 1.5% prior. 2018 1.8% vs 1.7% prior

  • Eurozone inflation 2017 1.7% vs 1.4% prior. 2018 1.4% unch

  • Eurozone unemployment 2017 9.6% vs 10.0% in 2016. 2018 9.1%

  • Eurozone aggregate budget deficit 2017 1.4% vs 1.7% in 2016. 2018 1.4%

  • Eurozone government debt 2017 90.4% vs 91.5% in 2016. 2018 89.2%

They see every EU member state growing in 2016/17 & 18.

For some reason Reuters has specifically noted that the EC see UK growth this year at 1.5% vs 2.0% last year, and at 1.2% in 2018. Official UK forecasts are 2.0% & 1.6% for those periods. Is the EC trying to say something? ;-)

Other highlights;

  • German investment to slow to 2.1% in 2017 vs 2.5% in 2016. 2018 2.5%

  • France budget def 2.9% of GDP 2017 vs 3.3% 2016. To rise above EC target again in 2018

  • Spain budget def 3.5% 2017 vs 4.7% 2016. 2018 2.9%

Here's the full report if you want to see the rest.

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