In response to the slowdown in economic growth since autumn 2018, the European Commission has significantly lowered its growth forecasts for the euro area and the European Union at Twenty-Seven post-Brexit levels on Thursday 7 February, from 1.9% to 1.3% of GDP and from 2.0% to 1.5% (the same in an EU of Twenty-Eight) of GDP respectively compared to its autumn 2018 forecast.
The downward revision is particularly marked for Italy, whose GDP growth has been reduced from 1.2% to 0.2% in 2019....