Home/Newsfeed

Indonesia Growth Stalls Before Presidential Elections

Share Print 0

The European Commission has raised its growth forecast for the EU, saying that “the recovery has taken hold”.

The 26 nations of the EU are forecast to grow by 1.6% for 2014, a touch higher than the forecast of 1.5% made in late February.

The growth forecast for the 18-nation eurozone remains at 1.2% for 2014.

The Commission expects the jobs market to continue to improve, forecasting EU unemployment will fall to 10.1% this year. In March, the rate was 10.5%.

Unemployment in the euro-area is expected to fall to 11.4%, from 11.8% in March.

Siim Kallas, the Commission’s vice-president, said: “The recovery has now taken hold. Deficits have declined, investment is rebounding and, importantly, the employment situation has started improving.

“Continued reform efforts by member states and the EU itself are paying off.”

via BBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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

@alfonso_forex

Back to Top