The European Commission expects Eurozone GDP to grow by 2.4% in 2017 from 2.2% in the previous year and 2.3% this year against expectations of 2.1% and 2.0% against the previous forecast of 1.9% in 2019.
On the other hand, inflation is expected to rise by 1.5% in 2017, by 1.5% in 2018 from 1.4% and 1.6% in 2019. its most prominent comments are as follows:
- Core inflation is expected to remain weak.
- The stagnation of the labor market is slowly eroding.
- Underlying inflation will continue to reflect the impact of energy prices.
- The risks to the economy remain balanced.
- Of the risks facing the economy: geopolitical tensions, Brexit, and protectionist policies.
