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Europe Daily Bulletin No. 12189

8 February 2019
ECONOMY - FINANCE - BUSINESS / Economy
Commission significantly reduces its growth forecasts for euro area in 2019, especially for Italy
Brussels, 07/02/2019 (Agence Europe)

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....

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