Euro-Area Economy to Get Downgraded as EU Plays Catchup

Euro-Area Economy to Get Downgraded as EU Plays Catchup

(Bloomberg) -- The European Commission last published forecasts for the euro-area economy in November, which means a big downgrade is on the cards when it updates the numbers on Thursday. While it’s mostly a case of playing catchup -- consensus is now just 1.4 percent growth in 2019 versus the commission’s 1.9 percent -- it’s another reminder of how much the outlook has changed recently. The European Central Bank, which recently said risks have moved to the downside, will update its own projections in March.

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