Free Trial

MNI BRIEF: Gentiloni Sees Subdued Growth- Trimmed Sep Forecast

(MNI) LONDON
(MNI) Brussels

EU Economy Commissioner Paolo Gentiloni said Friday that EU economic growth would likely remain subdued this year, with only a slight pick up next year.

In a speech at an economic conference in Salzburg, he said that the EU Commission forecasts, due September 11, would likely put growth at “a little bit less than the 1.1% we were estimating in June.”

“Growth is likely to remain subdued this year - and that means between 0 and 1% - and will pick up only slightly next year. “

The commissioner noted that inflation was now “declining, but not so fast or strongly as needed.”

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.