EU Commission raises Eurozone 2017 GDP forecast
|The European Commission (EU) is out with its latest economic forecasts report on Thursday, raising the 2017 growth forecasts for the Eurozone.
Key Highlights from the report:
Raises Eurozone economic growth forecast for 2017 to 2.2%, fastest in a decade, from 1.7%.
Raises GDP growth forecast for all EU to 2.3% this year from 1.9%, sees 2.1% in 2018, 1.9% in 2019.
Cuts British growth forecast for 2017 to 1.5% from 1.8%, sees 1.3% growth in 2018, 1.1% in 2019.
Investment in Britain to weaken next year as companies defer investment over Brexit uncertainty.
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