IMF More Gloomy About Economic Growth in the Eurozone
The International Monetary Fund (IMF) has become more gloomy about the growth of the eurozone economy. This is partly due to Germany. Consumer sentiment in the eurozone's largest economy has been under pressure for some time now.
The prospects for France also look less rosy than in the previous significant economic forecast in January. The IMF already lowered its growth forecast for the Netherlands twice earlier this year, but that prognosis has not changed now.
The UN Financial Stability Organization predicts 0.8 percent growth for the euro area economy this year. Next year, the size of the economy should increase by 1.5 percent. This amounts to downward adjustments of 0.1 and 0.2 percentage points, respectively.
IMF chief economist Pierre-Olivier Gourinchas emphasizes that ...