The European Commission confirmed the forecast for GDP growth in the eurozone in 2018 at 2.3%, since, in its view, the weakening of the rise in the first quarter is temporary. The growth forecast for 2019 is kept at the level of 2%. The EC also confirmed the inflation estimates for the current year at 1.5%, for the next year - at 1.6%. Among the favorable conditions for the economic recovery of the eurozone, the European Commission notes an increase in real wages and the creation of new jobs that contribute to the strengthening of consumer demand, as well as the continued growth of investment by companies. EC expects strong growth, both in various sectors of the economy, and in individual countries. Among the threats to the economy, the report notes trade disputes and increased protectionism.
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