EU Commission: Cuts 2018 Euro-zone growth forecast to 2.1% from 2.3%

The European Commission released its latest economic forecasts this Thursday and below are some of the key highlights from the report.

   •  2018 Euro-zone growth forecast lower to 2.1% from 2.3%.
   •  2019 growth forecast unchanged at 2.0%.
   •  Euro-zone inflation seen at 1.7% in 2018 (previously 1.5%).
   •  Euro-zone inflation seen at 1.7% in 2019 (previously 1.6%).

UK:
   •  Sees UK growth at 1.3% in 2018 (previously 1.5%).
   •  Sees UK growth at 1.2% in 2019 (unchanged).

Germany:
   •  Sees Germany growth at 1.9% in 2018 (previously 2.3%).
   •  Sees Germany growth at 1.7% in 2019 (previously 2.1%).

France:
   •  Sees France growth at 1.7% in 2018 (previously 2.0%).
   •  Sees France growth at 1.7% in 2019 (previously 1.8%).