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EU lowers eurozone 2020 growth forecast

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EU lowers eurozone 2020 growth forecast
Copyright  Diritti d'autore: REUTERS/Francois Lenoir
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The European economy continues to grow at a moderate pace and there is no acceleration any time soon.

The European Commission released its Summer Economic forecast.

There is no change regarding this year: the EU is expected to expand by 1.4% and the euro area by 1.2%.

As about next year: the EU is still on track to grow by 1.6%, but the eurozone's growth will slow down to 1.4%.

The situation is different across Europe.

Forecasts for Italy remained unchanged - its economy will see the worst growth rate in the whole EU.

Next year's growth is expected to accelerate to 0.7% but that means - still the slowest.