Eurozone will be functioning slower that what is expected from the previous reports with the passive inflation 2016 as it is announced by the European Commission on economic forecast. Together with this forecast is also the warning and threat of huge risks to the bloc’s economy. Eurozone is known to be one of the most stable world economic sectors.
The prediction says that the GDP of the 19-nation area is estimated to go to just 1.6% in this very year which also means it is less than the 1.7% increase of 2015. On the other hand, consumer process are showing to be up 0.2% which is also lower than the 0.5% increase on forecast in Feb.
According to the Commission Vice President Valdis Dombrovskis, “The economic recovery in Europe continues but the global context is less conducive than it was.”
Another report says that Euro zone business growth was slow but steady last month, a survey showed on Wednesday. This is suggesting that the European Central Bank’s massive stimulus program is underpinning activity but not yet boosting inflation although this is an economic disaster that needs extreme economical preparation.