Arab Today, arab today eu cuts 2016 eurozone growth forecast on china risks
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

EU cuts 2016 eurozone growth forecast on China risks

Arab Today, arab today

Arab Today, arab today EU cuts 2016 eurozone growth forecast on China risks

The European Commission
Brussels - Arab Today

The European Commission on Thursday cut its eurozone 2016 growth forecast to 1.7 percent from 1.8 percent, warning that the slowdown in China and increased global turmoil cloud the outlook.

"Risks to the economy are becoming more pronounced and new challenges are surfacing -- slower growth in China and other emerging market economies, weak global trade as well as geopolitical and policy-related uncertainty," the Commission said in its Winter economic forecast.

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