Geopolitical uncertainty, the backlash against globalisation, protectionist tendencies and the fallout from the British referendum are all weighing heavily upon recovery in Europe, the European Commission said on Wednesday 9 November in its autumn macro-economic forecasts.
GDP growth in the eurozone remains sluggish and is not expected to pick up in the coming years. Eurozone growth will stand at 1.7% in 2016, 1.5% in 2017 and 1.7% in 2018. In its spring forecasts, the Commission anticipated...