European economy slowing down November 8 at 5:51
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The EU = European Union will reduce the euro zone growth rate by 0.1 percentage points to 1.1%, and the European economy will continue to decelerate due to the effects of US-China trade friction and the turmoil over the UK's withdrawal from the EU. It is getting stronger.
The European Commission, the EU's executive body, announced the forecast of growth for GDP in 19 countries using the single currency euro, such as Germany and France, on the 7th.
According to this, it is said that it will be reduced by 0.1 points from the July forecast, and the growth rate of this year will be only 1.1%.
Next year's rate was 1.2%, 0.2 percentage points lower than before.
This is because exports have fallen due to trade friction between the United States and China and the turmoil over the UK's withdrawal from the EU, and the blow has been spreading mainly in the manufacturing industry.
By country, Germany, the largest economy in the region with a large export industry, is expected to grow at a rate of 0.4% for next year, and only 1% next year. With 0.1% expected to be 0.4% next year, sluggishness in major countries is structured to depress the overall growth rate of the euro area.
The European Commission said in a statement, “European economies are facing an uncertain situation, and countries that have financial resources should take measures.” I'm looking for.