Euro zone sees economic outlook worsening amid uncertain U.S. trade policy
BRUSSELS - The European Commission lowered its estimates on Wednesday for euro zone growth and inflation, saying uncertainty over U.S. trade policy posed a major risk to the bloc.
The commission confirmed its prediction that economic growth in the euro zone would slow this year to 1.2% from 1.9% in 2018. It also revised down its estimate for next year’s growth, which is now seen at 1.4% instead of the 1.5% forecast in May. This year’s forecast matches the ECB’s projection, but for 2020 the commission’s estimate is lower than the 1.4% rate forecast by the central bank in its latest projections, released in June. That could give the ECB a reason to push ahead with fresh stimulus.
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