GDP forecast to 1.3% in euro area 2015 – Portafolio.co

GDP forecast to 1.3% in euro area 2015 – Portafolio.co

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The Commission & oacute;! N European (CE) revis & oacute; Thursday upward growth econom mico euro zone, to be & aacute; 1.3% for this year & ntilde; o and 1.9% for 2016, while for the whole Uni & oacute; n European (EU) & aacute be increased; . 1.7 and 2.1%, respectively

This is & ldquo; the first time since 2007 when it is expected that all econom & iacute; as EU grow & rdquo; and to do so on the basis of an increase in demand nationally and internationally, as & iacute; as a pol & iacute; monetary policy m & aacute; s set and a position & oacute; tax n m & aacute; s neutral, sec STILL experts from the EU executive

The EC, public & oacute.; their forecasts macro- & oacute; micas for pa & iacute; euro countries and across the EU for 2015 and 2016, warned & oacute; that despite the improving economy & iacute; a general, & ldquo; growth prospects across Europe are limited by the d & eacute; Biles investment and high unemployment & rdquo;.

Also is & ntilde; to & oacute; that since late last a & ntilde; or when Verge & oacute; that in 2015 GDP growth of pa & iacute; ses with coin com STILL be & iacute; a 1.1% and 1.5% for the whole Uni & oacute; n, there have been favorable situations, such as a decrease m & aacute ; s r & aacute; I ask than expected price petr & oacute; leo

BUENOS PR & oacute;. Gnostics & nbsp;

The economists of the EC indicated that also & eacute ; n have favored a pron & oacute; stico growth m & aacute; s optimistic measures expansion & oacute; n quantitative (massive purchases or unlimited bond) adopted by the European Central Bank (ECB) and the investment plan estrat & eacute; gicas by 315,000 million euros already announced

& ldquo;. Europe est & aacute; cr & iacute a point; tico. They have been pr & aacute; ctica conditions econom appropriate for there to be sustained growth micas and creation & oacute; n jobs & rdquo ;, said community Vice President for the Euro and Di & aacute; Social logo, Valdis Dombrovskis said in a statement. & Ldquo; Now we have to step m & aacute; s on reforms to strengthen growth and make sure that that translates into money in the pockets of citizens & rdquo ;, Verge & oacute;.

GERMANY LE PUTTING OBSTACLES TO PLAN & lsquo; anti-austerity & rsquo; GREECE & nbsp;

Introducing the recovery plan & oacute; n Greek, based on the motto of the anti-austerity, the leftist New Greek Finance Minister choc & oacute; openly yesterday with his powerful hom & oacute; alem & aacute logo; n, while the costs of cr & eacute; dito soared to Athens and the actions of its banks collapsed, following the decision & oacute; n the European Central Bank to curb the financing & oacute; n lenders the pa & iacute; s. Minister German Finance Wolfgang Sch & auml; euble, told his Greek counterpart, Yanis Varoufakis, it is unrealistic to make campaign promises that affect other pa & iacute; ses, and that & ldquo; hab & iacute; an agreed to disagree & rdquo ;. Varoufakis contradict him. Sch & auml; euble recalc & oacute; it is essential that the new government complies with the agreements with the Uni & oacute; European n and work with the IMF, the ECB and the Commission & oacute;. European n

EFE
Brussels

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The European Commission (EC) on Thursday revised upward economic growth in the euro zone, which will be 1.3% this year and 1.9% for 2016, while for the whole European Union (EU) will increase by 1.7 and 2.1%, respectively.

This is “for the first time since 2007 it is expected that all EU economies grow” and to do so on the basis of an increase in demand nationally and internationally, as well as a tighter monetary policy and a more neutral fiscal stance, experts of the EU executive.

The EC, which published its macroeconomic projections for the euro countries and across the EU for 2015 and 2016, warned that despite to the improvement of the overall economy, “growth prospects across Europe are constrained by weak investment and high unemployment.”

also noted that since late last year, when he noted that in 2015 GDP growth of countries with the common currency would be 1.1% and 1.5% for the whole Union, there have been favorable situations, such as a more rapid decline than expected from oil prices.

good forecasts

CE economists said they have also favored a forecast more optimistic the quantitative easing (massive purchases or unlimited bond) adopted by the European Central Bank (ECB) and the strategic investment plan by 315,000 million euros growth already announced.

” Europe is at a critical point. They have implemented appropriate for there to be sustained growth and job creation economic conditions, “said Vice President for Community and Euro, Valdis Dombrovskis, Social Dialogue in a statement. “Now we must go a step further reforms to strengthen growth and make sure that that translates into money in the pockets of citizens,” he said.

GERMANY ADDS OBSTACLES TO ‘anti-austerity’ PLAN OF GREECE

Introducing the Greek recovery plan, based on the motto of the anti-austerity, leftist new finance minister of Greece yesterday clashed openly with its powerful German counterpart, while borrowing costs soared to Athens and the actions of its banks collapsed, following the decision of the European Central Bank to halt funding of the country’s lenders. German Finance Minister Wolfgang Schaeuble told his Greek counterpart, Yanis Varoufakis, it is unrealistic to make campaign promises that affect other countries and that they had “agreed to disagree”. Varoufakis contradict him. Schaeuble stressed that it is essential that the new Government to honor the agreements with the European Union and work with the IMF, the ECB and the European Commission.

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