Eurozone growth forecast cut to 1.6% for 2016
Tokyo Stock Exchange
Brussels - Arab Today
The EU cut Tuesday its eurozone growth forecasts for this year, warning that global risks including the slowdown in China were harming economic recovery.
Warning of increased global risks for the 19-country single currency area, the European Commission trimmed its 2016 forecast to 1.6 percent from 1.7 percent.
The commission also said the eurozone would grow by 1.8 percent next year, instead of the earlier forecast 1.7 percent.
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