European Commission cuts economic growth forecast

European Commission cuts economic growth forecast

The European Commission has cut its forecast for economic growth in the Eurozone this year.

It has cut its prediction for the 19-country bloc in 2016 to 1.7% from the 1.8% it had predicted in November.

That figure would still mark a moderate increase from the figure of 1.6% in 2015.

The Commission said government spending had been unexpectedly high because of the number of migrants arriving in Europe, which had boosted GDP.

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