European Commission raises Polish GDP growth forecast

May 12, 2017, 12:20
European Commission raises Polish GDP growth forecast

The commission, which is the EU's executive arm, said in its latest set of quarterly economic forecasts that it expected the United Kingdom economy to expand at an unchanged 1.8% rate this year, while slowing sharply to 1.3% in 2018.

Brexit remains also one of the main risks for the bloc's growth in the coming months, the Commission said.

"Europe is entering its fifth consecutive year of growth", EU Economics Commissioner Pierre Moscovici said.

That is compared with predictions made in the winter of 1.6% growth in 2017 and 1.8% in 2018. It was also noted that the increase in employment in Turkey is expected to increase even further in 2018 and that Turkish banks continue to have relatively sound headline-risk metrics, a positive factor that should support domestic investment in the coming period.

"It is good news too that the high uncertainty that has characterised the past 12 months may be starting to ease", he said.

European flags in front of European Commission in Brussels.

Champions League: Carefree Monaco worry Allegri
Obviously they are more mature than we are but fundamentally we lost because we didn't make the most of our chances. In the first leg, Mbappe failed to find the net for the first time after having started a game in the competition.

N. Korea marks military anniversary with firing drill
All that was publicly scheduled for the day were gatherings for mass dancing, a common celebration on major North Korean holidays. President Donald Trump has said the U.S. was sending an "armada" to the Korean peninsula, including submarines.

Signal shield to stop motorists reaching for their mobiles
The idea Nissan has for some of its upcoming rides is to integrate a Faraday cage directly into the armrest. No matter how "good" you think you are at using your cell phone while driving, you're playing with fire.

The EU expects Serbia's economic expansion to accelerate, forecasting the country's GDP growth rate to be 3.2 percent in 2017 and 3.6 percent in 2018.

The European Commission revised upward its forecasts of euro zone economic growth this year and projected a lower unemployment rate, in new signs that the bloc's recovery is gathering pace, data released on Thursday showed. "Yet the picture is very different from member state to member state, with better performance recorded in the economies that have implemented more ambitious structural reforms", Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said.

The 28-nation bloc as a whole would grow by 1.9% in both 2017 and 2018, the Commission said. "The debt-to-GDP ratio is forecast to decline to 132.5% in 2018".

The updated growth estimates are included in the Commission's formal Spring Economic Forecast.

Germany's trade surplus, an indicator that has often caused conflicts with Brussels for being excessive, will slow to 8.0 percent of GDP this year from 8.5 percent in 2016, and is predicted to go further down to 7.6 percent next year.

YOU MIGHT ALSO LIKE
  • Phoenix Authorities Charge Man in Connection With 9 Fatal Shootings

    At the time, investigators were looking into a separate string of shootings that targeted drivers on Phoenix-area freeways. Lydia Lopez, the mother of Jesse Olivas , said she suspected her son's death was connected to the Serial Street Shooter .

    Christy Clark to close out campaign in Abbotsford Monday

    Liberal government". "I can't recall an election where the elites have mattered less than this election campaign", Horgan said.
    Boston's Matt Barnes ejected after pitch sails behind Manny Machado

    Boston's Matt Barnes ejected after pitch sails behind Manny Machado

    Mychal Givens pitched two ideal innings, Donnie Hart got two outs in the ninth and Darren O'Day finished for his first save. OF Joey Rickard (sprained finger) took soft-toss swings in a session manager Buck Showalter called "very encouraging".
  • Cardinals' Fowler, Piscotty hurt against Brewers

    Cardinals' Fowler, Piscotty hurt against Brewers

    The severity of the strain has not been revealed, but an injury of this variety typically requires a trip to the disabled list. Cardinals: INF Jhonny Peralta (upper respiratory illness) is to begin a rehab assignment at Class A Palm Beach on Friday.
    Law Enforcement Memorial Run To Pass Through Carson Valley Wednesday

    Law Enforcement Memorial Run To Pass Through Carson Valley Wednesday

    Hundreds of officers from all over the state attended the ceremony at the Ohio Peace Officer Training Academy in London, Ohio. Police officers who died in the line of duty were remembered Wednesday by the Jacksonville Sheriff's Office.

    Erin Moran's likely cause of death revealed

    There were reports that she was either homeless at the time of her death or that she had been living in an in trailer park. Moran's death was conducted by the Harrison County Sheriff's Department and the Harrison County Coroner's Office".
  • Facebook nears two billion monthly users

    Facebook nears two billion monthly users

    Currently, a handful of companies, from Amazon and Yahoo, to the globally popular Netflix - have dabbled in TV. The producer is required to "develop, script, produce and edit sharable motion picture content".
    Government bid to delay air pollution plan fails

    Government bid to delay air pollution plan fails

    On Thursday in London, the judge rejected the Government's application. "You can't have clean air and a hard Brexit", Davey said. The deadline for final publication of air quality plans remains as 31 July.
    Bayern Munich trigger option to sign Coman

    Bayern Munich trigger option to sign Coman

    Bayern, who are eight points clear at the top of the Bundesliga, face Wolfsburg on Saturday. "I'm very happy at this club, with this team and all the people here at Bayern Munich".
  • Philippines, USA Hold Military Drills

    Philippines, USA Hold Military Drills

    Co-director for this year's joint US-Philippines military exercise dubbed " Balikatan 2017", Lt.Gen. Oscar Lactao, said the exercise's priority was chosen based on guidance from Duterte.
    Major gains for Tories in council elections but SNP hails 'emphatic' victory

    Major gains for Tories in council elections but SNP hails 'emphatic' victory

    Conservatives saw their share of the rise in most parts of the country, including pushing Labour into third place in Aberdeen. Thomas Kerr, 20, was one of the Conservative councillors elected as the party's fortunes rose, taking a seat in Shettleston.
    French Rugby League Player Punches Ref Unconscious, Faces Lifetime Ban

    French Rugby League Player Punches Ref Unconscious, Faces Lifetime Ban

    Referee Benjamin Casty was rushed to hospital after the incident and is believed to have suffered a broken jaw. A French rugby league referee was left floored last weekend after a sickening punch from a player.
popular