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EU Forecasts Stronger Euro-Area Growth as Brexit Risks Remain
The euro-area economy will expand faster than previously anticipated this year and next, the European Commission said, though it offered little comfort to the region’s central bank, saying inflation is expected to remain subdued. It sees expansion of 2.3 percent in 2018, up from 2.1 percent predicted in November and close to the decade-high rate reached in 2017. The 2019 forecast was upgraded to 2 percent, meaning the outlook is broadly in line with the most recent projections from the European Central Bank and International Monetary Fund. The rosier outlook reflects both stronger cyclical momentum in Europe, where ... (full story)