EU Slashes 2016 Inflation Forecast to 0.5% as Growth Seen Slower

Updated on
  • European Commission slashes inflation forecast on oil prices
  • Italy's deficit to be wider than predicted, commission says

EU Reduces Growth Outlook for Euro Area

The slowdown in emerging economies is posing a major threat to recovery in the euro area, the European Commission said as it trimmed its 2016 growth forecast for the 19-nation region and warned inflation would be much slower than expected.

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