Friday, February 6, 2015

Italy and France, with the worst results of the eurozone: CE – The Economist

Italy and France, with the worst results of the eurozone: CE – The Economist

Among the major countries of the region, the worst results correspond to Italy and France. While Germany, Spain, Greece and Portugal will be the biggest advance economies will during 2015 and 2016.

The European Commission (EC) has published its macroeconomic and reveals that among large eurozone countries, the worst results for this year are forecast to Italy (whose economy grow by only 0.6% and 1.3% improve in 2016) and France (with a growth of 1% and 1.8% in 2016). The German economy will advance 1.5% this year (four tenths more than estimated in November) and will accelerate to 2% in 2016 (two tenths).

In the case of Spain, Brussels is optimistic predicts an increase in GDP of 2.3% this year and 2.5 percent. For Greece expected progression of its economy will reach 2.5% this year and 3.6% in 2016, and Portugal, 1.6 and 1.7 percent.

The EU executive has also improved expectations for the euro area and the European Union (EU). Even so, 2015 still predicts moderate growth and very low inflation, which in the case of the euro region will be even negative. Also expects gross domestic product (GDP) of the region to grow 1.3% this year, two tenths more than expected in November.

In addition, the agency has also improved its figures for 2016 to 1.9% (two more than in the previous estimate tenths).

The review in the EU has been similar. Brussels has improved its growth figures for both 2015 and 2016, years for which expects a 1.7% (vs. 1.5% announced in November) and 2.1%, respectively.

The novelty is This year, for the first time since 2007, all EU countries will grow and that “they do on the basis of increased national and international demand, as well as a tighter monetary policy and fiscal position more neutral “, said the Commission. Yes, the pace of improvement is very divergent, ranging from 0.2% to 3.5% of Croatia Ireland. 2016 is predicted that the GDP of all states to rise and 1% or more (up 3.6% in countries like Ireland, Greece and Latvia).

Content of the Iberoamerican Network Economic Press

fondos@eleconomista.com.mx

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