Brussels
In a "difficult" international context, the European economy is doing rather well according to the European Commission. In its winter economic forecasts, Brussels maintains growth of gross domestic product (GDP) in the euro area at 1.2% for 2020 and 2021, as it did last fall. For the Union as a whole, now without the United Kingdom, forecasts remain stable at 1.4% in 2020 and 2021, just 0.1 points lower than in 2019.
2020 will therefore be the seventh consecutive year of growth for Europe. "The longest period of growth since the launch of the euro in 1999," insists the new European Commissioner for the Economy, Paolo Gentiloni. The atmosphere is not to rejoice however, because Europe is stagnating in weak growth, coupled with anemic inflation, estimated at 1.3% in 2020 and 1.4% in 2021 in the euro area.
Unsurprisingly, the most pronounced slowdown affects Italy, which remains the continent's poor student with a
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