Eurozone GDP growth forecast has been reduced
Today the European Commission published forecasts for economic growth in the euro area. So, in 2016, the rate of expansion of the economy will be 1.7%, which is 0.1% less than the previous estimate. For 2017, the forecast remains unchanged - 1.9%. Unemployment is according to the latest data in the euro zone fell to 10.4% in 2016 will be 10.5%, which is 0.1% less than earlier estimates. These negative news will negatively influence the dynamics of the euro in the future. Current euro growth may continue in the near future to 1.1400, but our medium-term outlook remains negative.
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