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Katainen (l) and Moscovici have different views on the way out of the economic chill (Photo: ec.europa.eu)

EU projects dismal growth, urges investment

The European Commission lowered its growth forecasts for the EU and the eurozone area, blaming the wars in Ukraine and the Middle East, and urging governments to do more to spur investments.

According to the Autumn forecast growth in the EU is now expected to be 1.3 percent of GDP this year, compared to 1.6 percent projected in spring, while the eurozone economy is to grow by only 0.8 percent, com...

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Katainen (l) and Moscovici have different views on the way out of the economic chill (Photo: ec.europa.eu)

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