EU hails growth but warns of uncertainty in UK over Brexit

EU hails growth but warns of uncertainty in UK over Brexit
EU hails growth but warns of uncertainty in UK over Brexit
Author

12 May, 2017

EU officials said the eurozone's recovery from the global financial crisis of 2007-08 faced threats, such as negotiations over Britain's exit from the EU, China's economic adjustment and potential protectionist measures from U.S. President Donald Trump. "China's economic adjustment, the health of the banking sector in Europe and the upcoming negotiations with the United Kingdom on the country's exit from the European Union are also considered as possible downside risks in the forecast".

The European Commission on Thursday raised its forecast for Polish economic growth from 3.2 percent to 3.5 percent for 2017, and from 3.1 percent to 3.2 percent in 2018. The commission cut its inflation projections and sees consumer-price growth of just 1.3 percent in 2018, well below the ECB's goal.

The forecasts, published three times a year, confirm all euro zone countries will grow this year and next, with Germany, the bloc's largest economy, accelerating to 1.9 percent in 2018, and Spain and Portugal expanding more than previously expected.

"It is good news too that the high uncertainty that has characterized the past twelve months may be starting to ease".

"Europe is entering its fifth consecutive year of growth", EU Economics Commissioner Pierre Moscovici said. The EC's "spring predicitions" also include an increase in GDP growth, to 2.7%, which is even higher than the government's forecast.

Burnley v West Brom: Sean Dyche defends Tony Pulis' methods
As has been well documented, Burnley have excelled at home this season, picking up 32 points so far, a total only bettered by top-seven teams.

AAP govt removes Kapil Mishra as minister, inducts 2 new faces
When Kapil Mishra posted a letter on Twitter addressed to Delhi ACB Chief M.K. He joined the Aam Aadmi Party (AAP) in mid 2014. "Nobody will believe it".

Kerala SSLC Result 2017 or 10th Result to be release today
The Kerala SSLC Result 2017 and and THSLC Private Examination results are declared on the official website after the declaration. Students can check the result by visiting this official site of DHSE where the result of the kids already appear and go viral.

Looking at what could drive further growth, the Commission also mentioned the launch of the Malta Development Bank, saying it could provide an additional boost to investment.

The Commission said that improving labour market conditions are expected to support domestic demand over the next two years.

While noting that the pound can not expect any immediate support from higher interest rates, analysts also detected a slightly more aggressive tone on future rate hikes from the central bank. The first: Political uncertainty.

"The decision to increase the minimum wage may support private consumption further, although the impact on GDP growth could be offset by higher costs for employers", it added when analysing the possible risks.


More news


  • McDonnell: Labour Will

    McDonnell: Labour Will "Come Out Fighting" From Historic Council Election Loss

    Former UKIP leadership candidate Lisa Duffy admitted that the elections had been "very challenging" for her party. Liberal Democrats had a poor election, failing to break through against the Tories in south-west England.

    Israeli Missile Shoots Down Syrian Aircraft That Crossed Border

    The state's intelligence minister, Israel Katz, confirmed that such a raid would comply with government policy. Reuters cited Syrian rebel sources and other regional sources as saying Israel was responsible for the attack.
    Now Barcelona's Neymar has to stand trial for fraud

    Now Barcelona's Neymar has to stand trial for fraud

    The club also admitted that it paid nearly 100 million euros for Neymar , not the 57.1 million euros it originally claimed. His arrival from Santos has been a huge success for the Spanish champions on the pitch but a judicial nightmare off it.
  • Bella Hadid Slays in Backless Jumpsuit at Met Gala 2017!

    Bella Hadid Slays in Backless Jumpsuit at Met Gala 2017!

    The word "Witness" was embroidered across her eyes, which has always been rumoured to be the title of Perry's forthcoming album. Using his America's Next Top Media Mogul Model training, Diddy stunted on 'em. "It took a half-hour to get ready".
    British PM May vows energy price cap if re-elected

    British PM May vows energy price cap if re-elected

    The Conservative leader vowed to place a cap on standard variable tariffs to remove the "injustice" of soaring energy costs. The proposed Tory cap would be introduced on standard variable tariffs, which around 70% of households are on.
    National Day of Prayer observance set in Anna

    National Day of Prayer observance set in Anna

    The public was asked to support the program not only with their prayers , but with their money as well. About communities, Pastor Armstrong wrote, "Thank you for your hand of protection this winter".
  • Baahubali Collections Swept of Aamir Khan's PK Records

    "Baahiubali 2: The Conclusion ", which hit cinema screens on April 28, has been setting new benchmarks ever since its release. Baahubali 2 has also become the highest Indian grossing film in the USA by shattering the record of Aamir Khan's Dangal.

    Matt Harvey rejoins Mets after 3-day suspension

    HOUSTON (AP) - Houston Rockets backup center Nene has suffered a season-ending muscle tear in his left thigh. Page Six reported that Harvey was out partying at 1Oak till 4 a.m . the night before the game he missed.

    Warriors sweep away Jazz to reach Western Conference Finals

    He didn't travel to Salt Lake City and has been out since Game 3 of the first-round series against the Portland Trail Blazers. Share with us your thoughts by commenting below, using #360fans on Twitter or getting in touch via Facebook .
  • LUPICA: Victory meant more to the GOP than the health of millions

    Former President Barack Obama speaks after being presented with the 2017 Profile in Courage award during ceremonies at the John F. What seemed to matter the most, and to the guy out front, was that they had finally put some legislative points on the board.
    Director Krish and Kangana Ranaut's Manikarnika will be announced today

    Director Krish and Kangana Ranaut's Manikarnika will be announced today

    My life has come full circle and before this, no amount of success and failure could make me feel like an achiever. The trio even performed a power packed number along with singer Richa Singh to a poem penned by Prasoon Joshi.
    New Afghanistan troop plan goes to White House next week

    New Afghanistan troop plan goes to White House next week

    The move comes as the U.S.is in talks with Iraqi leaders over plans to keep an enduring American presence there also. The official was not authorized to discuss the letters publicly and spoke on condition of anonymity.