The European Commission cut its euro-area growth and inflation outlook for next year, citing more challenging global conditions and fading impetus from lower oil prices and a weaker euro.
Gross domestic product in the 19-nation bloc is set to grow 1.8 percent in 2016, down from a previous projection of 1.9 percent in May, the Commission said in its autumn forecast published Thursday. Inflation is seen accelerating to 1.6 percent in 2017 from 0.1 percent this year. Read more
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