Eurozone - Nov 4

A European Commission press release predicted real GDP growth in the Eurozone to reach 0.8% overall in 2014—only 66.7% the prediction. 2015’s predicted growth shrunk from 1.7% to 1.1%. The release was generally pessimistic, stating, “the economic…situation is not improving fast enough” (Jykri Katainen). However, experts hope that “in 2016, strengthened…demand and a continuation of very accommodative monetary policy…should further strengthen growth.” Source: European Commssion