Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast

FRANKFURT, Germany (AP) — The European Union’s executive commission lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment. The outlook was lowered to 0.6% from 0.8% for the 20 countries that use the euro currency, […]
FRANKFURT, Germany (AP) — The European Union’s executive commission lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment. The outlook was lowered to 0.6% from 0.8% for the 20 countries that use the euro currency, […]

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EU downgrades growth forecast and raises inflation expectations

Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast –