EU COMMISION AUTUMN ECONOMIC FORECASTS: Cuts Euro Zone 2014 and 2015 GDP growth outlook
>>> 2014 Growth Outlook:
- Cuts Euro Area GDP growth from +1.2% to +0.8%
- Cuts Germany GDP afrom +1.8% to 1.3%
- Raises Spain GDP from +1.1% to +1.2%
- Cuts Italy GDP from +0.6% to -0.4%
- Raises UK GDP from 1.6% to +3.1%
>>> 2015 Growth Outlook:
- Cuts 2015 Euro Area GDP growth from 1.7% to 1.1%
- Raises Spain's 2015 GDP forecast from 2.1% to 2.2%
- Cuts Italy GDP from 1.2% to 0.6%
- Cuts Germany GDP from 2.0% to 1.1%
- Cuts France GDP from +1.5% to +0.7%
>>> Inflation
- Sees 2014 euro zone inflation at 0.5%
- Sees 2015 euro zone inflation 0.8%
- Sees 2016 euro zone inflation at 1.5%
Full Report: attached or click {http://ec.europa.eu/economy_finance/publications/european_economy/2014/pdf/ee7_en.pdf}