Commission sees modest recovery in Europe, criticises France for budget deficit

EPA/OLIVIER HOSLET

Pierre Moscovici, the EU Commissioner in charge of Economic and Financial Affairs, speaks at a news conference at the EU Commission headquarters in Brussels, Belgium, 05 November 2015. The Commission presented its 2015 Autumn Economic Forecast which sees an overall growth of the euro area real GDP at 1.6 % in 2015.

Commission sees modest recovery in Europe, criticises France for budget deficit


The economic recovery in the euro area and the European Union as a whole will continue at a modest pace next year despite more challenging conditions in the global economy.

In its Autumn 2015 Economic Forecast, the Commission revealed on Thursday that overall, the euro area real GDP is forecast to grow by 1.6% in 2015, rising to 1.8% in 2016 and 1.9% in 2017. For the EU as a whole, real GDP is expected to rise from 1.9% this year to 2.0% in 2016 and 2.1% in 2017.
Pierre Moscovici, Commission...


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