Economics
Trump, Brexit Dominate European Outlook ‘Assailed by Risks’
- Euro-area growth expected to slow to 1.6 percent in 2017
- ‘Large uncertainties’ cloud global economic outlook, Buti says
EU's Moscovici: France Leaving Euro Would Be 'Suicide'
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Brexit and the election of Donald Trump are heightening economic risks for the euro area, the European Commission said, as it warned of continued fallout from the two political events that dominated 2016.
In its first set of economic forecasts compiled since Trump’s election victory and with the British government gearing up to officially trigger its EU exit, the Brussels-based commission said on Monday that the recovery is “assailed by risks.” Gross domestic product in the 19-nation region will grow 1.6 percent this year, slower than the 1.7 percent expansion last year.