Off the wire
• Iceland sees trade surplus increase in Jan.  • Gaokao shake-up gives students choice of subjects  • 1st LD Writethru: Greek, German finance ministers disagree at first encounter  • BT to acquire mobile firm EE for 12.5 bln pounds  • Singapore signs deal to enhance aircraft tracking  • 1st LD Writethru: Sri Lankan gov't approves 1.4 bln USD China-funded port city project  • Hollande reiterates calls to respect EU rules in new Greek bailout deal  • Polish President Komorowski announces reelection bid  • Las Vegas ready for Chinese Lunar Year of Goat celebration  • China sees difficulty in bloated steel industry in 2015  
You are here: 　 Home

Economies expected to grow this year but risks remain: EU forecast

Xinhua, February 5, 2015 Adjust font size:

The economies of all European Union (EU) member states are expected to grow this year for the first time since 2007, according to the European Commission's 2015 winter economic forecast.

Over the course of this year, economic activity is expected to pick up moderately, with growth of 1.7 percent forecast for the EU and 1.3 percent for the eurozone.

Growth prospects across Europe were still limited by a weak investment environment and high unemployment, said the forecast.

Moreover, the divergence in economic performance across the EU is likely to continue, partly because progress with de-leveraging among banks, the public and private sectors differs across member states.

The trend towards low inflation has continued and inflation is set to remain subdued in 2015 as low commodity prices dampened the headline figure. Endit