European Commission revises EU growth forecasts

bigstock European Union Flag 5391213

European Commission revises EU growth forecastsbigstock European Union Flag 5391213

The European Commission has revised its growth forecasts for 2014 and 2015 after a period of positive economic recovery in the Eurozone, following in the footsteps of the International Monetary Fund. The Commission’s revisions add an extra 0.1 percentage points onto the earlier predictions, forecasting growth of 1.2% this year and 1.8% next year.

UK growth forecasts remain the same with the European Commission predicting a rise of 2.4%, despite many indicators that the country’s growth will be 2.5% in 2014.

Although the Commission’s changes are minimal they do reflect the gradual improvement that the Eurozone is making in its economic recovery. After the slight downturn from last year, this year’s 1.1% growth is a step in the right direction but still too low to create a turnaround the region’s problems, particularly regarding unemployment.

Individually European economies are fluctuating, with both Slovenia and Cyprus predicted to decline and Italy’s growth forecast has been downgraded, but Spain and the Netherlands are both forecast to increase. Reformation is still needed to make an impact on the struggling countries and bring Europe back up to strength and while the wider economy remains volatile, the slow progress of recovery is moving in the right direction.

Related Articles for Spanish Company Formation

The information and any commentary on the law contained on this website is provided for information and guidance purposes only. Every reasonable effort is made to make the information and commentary accurate and up to date, but no responsibility for its accuracy and correctness, or for any consequences of relying upon it is assumed by Open A European Company, its directors , employees or associated websites.

The information and commentary on Open A European Company’s site does not, and is not intended to amount to legal advice to any third party on a specific case or matter. You are strongly recommended to obtain specific, direct legal advice from professional advisers whether these be your own advisers or those that appear on the OpenAeuropeancompany.com site. You should consider taking advice both in the country in which you are domiciled and in the country in which you are seeking to open a company. and not to rely on the information or comments on this site.

Copyright © 2009-2025 Open a European Company