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Saturday, July 11, 2020

European Commission cuts economic growth forecast

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The European Commission has cut its forecast for economic growth in the Eurozone this year.
It has cut its prediction for the 19-country bloc in 2016 to 1.7% from the 1.8% it had predicted in November.

That figure would still mark a moderate increase from the figure of 1.6% in 2015.

The Commission said government spending had been unexpectedly high because of the number of migrants arriving in Europe, which had boosted GDP.

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