in the face of international tensions and uncertainties of the EU-Commission in the current year, of a weaker economic growth in the Eurozone. The gross domestic product (GDP) will rise in the 19 States of the monetary Union this year by only 1.2 percent, said the Brussels authority. In February, they had lowered their expectations of 1.9 percent to 1.3 percent. Reasons, especially the bad state of the world economy and increasing international trade conflicts, especially between the United States and China.
“The European economy is proving resilient in the face of a less favourable external environment,” said the EU Commissioner Valdis Dombrovskis. The growth will continue in all the States, especially because of strong domestic demand and rising employment.
From the point of view of the EU Commission, the risks increase, however. The danger of a chaotic Brexits and a weakening economy in important growth markets, especially in China.
for Germany, the EU Commission expects with significantly less economic growth than previously assumed. The gross domestic product (GDP) will rise in 2019, by 0.5 percent, said the Brussels authority. Previously, it was still 1.1 percent. The main reason was the increasing protectionism of major trading partners, such as the United States. The car production schwächele, in addition, there is investment less private.
The EU Commission is pivoted so that on the downward revision of the economic forecast of the Federal government, most recently expected only with an increase in GDP of 0.5 percent.