Wednesday 16 January 2019 ,
Wednesday 16 January 2019 ,
Latest News
  • Brexit: Theresa May's deal is voted down in historic Commons defeat
  • Eminent Journalist Amanullah Kabir passes away
  • Focus on development, fight against graft
  • Salman F Rahman appointed,Sajeeb Ahmed Wazed reappointed PM advisers
  • Country’s maiden whole genome sequencing lab starts operation
  • RAB, CAAB at odds over rent
  • Sale of AL  nomination forms begins
  • New cabinet to sit meeting on Jan 21
  • Wage board gazette for journalists by Jan 28: Hasan Mahmud
9 November, 2018 00:00 00 AM
Print

EU warns of eurozone slowdown

AFP, Brussels

The EU yesterday said growth in the eurozone would slow in 2019 and beyond, citing global uncertainty and heightened trade tensions. The European Commission also warned that Italy's deficit would balloon in 2019, due to a spending boost planned by Rome's populist government that blatantly defies EU rules on expenditure.

Fears of an economic slowdown in Europe have risen as markets fret over the possibility of a no-deal Brexit and trade tremors sparked by US President Donald Trump's protectionist policies.

In its latest forecasts, the European Commission expects growth in the currency bloc of 2.1 percent this year, followed by 1.9 percent in 2019, lower than the 2.0 percent predicted in its last assessment in July.

Growth is expected to continue to decline in 2020 to 1.7 percent.

"Uncertainty and risks, both external and internal, are on the rise and are starting to take a toll on the pace of economic activity," said Commission Vice President Valdis Dombrovskis.

The commission's forecasts land after official data last week showed that the economy in the 19-country single currency area rose just 0.2 percent from July to September this year.

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 28.6%
No 65.5%
No Comment 5.9%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
0102030405
06070809101112
13141516171819
20212223242526
2728293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting