The Slowdown Cometh: Global Growth Outlook Suffers Another Body Blow In Deep EC Cuts

This is hardly surprising in light of the recent data out of the bloc, but The European Commission has cut its growth forecasts for all of the euro-area's major economies. For some countries, the cuts are pretty steep. For instance, the forecast for Italy in 2019 was slashed by an entire percentage point to just 0.2%. "In 2019, annual real GDP growth is forecast to fall to 0.2%, sizably less than anticipated in the autumn forecast", the EC writes, before expounding as follows: A worse-than-ex