GDP growth will continue at a moderate rate of 1.2% in the euro area and 1.4% in the European Union of 27 Member States, both in 2020 and 2021, according to the winter economic forecasts presented by the European Commission on Thursday 13 February.
The European economy is showing “resilience” to external factors, such as international trade tensions and the outbreak of the new coronavirus, and moderate growth will continue to be driven by internal “consumption”, said Economics...