EU COMMISSION SPRING ECONOMIC FORECASTS
***2015 Outlook
- Raises 2015 Euro Area (EU-18) GDP growth from 1.3% to 1.5%
- Raises Germany GDP from 1.5% to 1.9%
- Raised France GDP from +1.0% to 1.1%
- Maintains Italy GDP at 0.6%
- Maintains UK GDP at 2.6%
***2016 Growth Outlook:
- Maintains 2016 Euro Zone GDP growth at 1.9%
- Maintain Germany GDP from 2.0% to 2.0%
- Cut France GDP from 1.8% to 1.7%
- Raised Italy GDP from 1.3% to 1.4%
- Maintains UK GDP at 2.4%
EU Lowers 2015 Greek GDP Growth Forecast to 0.5% From 2.5%
- In 2016, real GDP growth is projected to strengthen to 2.9%,” from 3.6% projected in previous forecast.
DOMBROVSKIS: RECOVERY OF EUROPE'S ECONOMIES IS STRENGTHENING