Economic Slowdown Confirmed in EU: Why It Matters
March 12, 2019
The European Central Bank last week warned of a slowing economy and announced that it will keep key interested rates unchanged through the end of 2019. GDP growth in the eurozone has been downgraded to 1.1% for 2019. The Wall Street Journal reports that the eurozone is “flirting with recession.” Total US investment in the EU is three times higher than in all of Asia. The EU and US economies combine for half of global GDP.