Sunday September 20, 2020

Trade turmoil forces EU to trim forecasts

Despite solid growth, the European Commission warned that Ireland’s outlook was 'clouded by uncertainty', particularly about Brexit and potential changes in the international tax regime

7th May, 2019
European Commissioner for Economic and Financial Affairs Pierre Moscovici in Brussels. Pic: Getty

The European Commission has trimmed its growth forecasts for the euro zone and Ireland for this year and next year, blaming a recent slowdown in growth worldwide and uncertainty about world trade amid tensions between the US and China.

For Ireland, the commission’s spring forecast sees GDP growth slowing from 2018’s 6.7 per cent to 3.8 per cent this year and 3.4 per cent in 2020. Previous forecasts were for 4.1 per cent and 3.7...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 4 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 9 months ago