Ukraine war: EU Commission drastically cuts forecast for economic growth
Created: 05/16/2022Updated: 05/16/2022 11:13 am
By: Thomas Schmidtutz
Breaking news from IPPEN MEDIA.
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The EU Commission has canceled its growth forecast for the European economy because of the war in Ukraine.
Brussels - The EU Commission has drastically revised its growth forecast for the European economy downwards because of the Ukraine war.
The economy of the EU and the euro countries will only grow by 2.7 percent this year instead of the previously expected 4 percent, according to the authority's spring forecast presented in Brussels on Monday.
More to come.
(dpa)
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