Eurozone economic growth will be slightly stronger this year than previously forecast. According to the European Commission's latest forecast it predicts 1.5 per cent growth this year, up 0.2 percentage points from its forecast in February, thanks to cheaper oil, a weak euro and stimulus measures. The improvement was despite a much gloomier outlook for Greece, which saw forecast growth cut to 0.5 per cent from 2.5 per cent. The report said faster growth would see inflation rise and unemployment fall. For 2016, the Commission kept its forecast of 1.9 per cent for the eurozone.
News On AIR | May 5, 2015 8:12 PM
Eurozone economic growth picking up: Report