European Commission Confident on Recovery

The European Commission has said economic recovery is “gaining ground” in the EU as it revised up its growth forecasts for 2014 and 2015.

The Commission said the 18-nation eurozone would grow by 1.2% this year and 1.8% next year.

In both cases, the figure was 0.1 percentage points higher than in earlier predictions.

The UK’s economy is now expected to grow by 2.5% this year, up from a previous forecast of 2.2%.

However, the Commission left its UK growth forecast for 2015 unchanged at 2.4%.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza