In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment

Economy Tags: Debt, EC, Revenues, Taxes, Unemployment
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

In its autumn economic forecasts published on Wednesday, the European Commission (EC) repeated its previous estimate that economic activity will start picking up from the second half of this year, before notably accelerating in the next two years. 

This prediction largely reflects the improved economic sentiment, stabilisation of public finances and higher liquidity in the corporate sector on the back of arrears clearance.

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