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Added on the 04/11/2014 17:46:58 - Copyright : Reuters EN
Heavy discounting failed to stop euro zone business activity growing less than thought last month. As Hayley Platt reports the new data suggests the bloc's economy may contract again early next year.
The EU hikes its eurozone growth forecast for 2023 from 0.3 to 0.9 percent on the back of lower gas prices, with EU Commissioner for Economy, Paolo Gentiloni, announcing that the "EU economy is thus set to narrowly escape the technical recession that was projected back in autumn," at a conference in Brussels, Belgium. SOUNDBITE
The United States has only a slim chance of avoiding an economic downturn given the many risks it faces, the IMF says. "It's a very narrow path," says IMF chief economist Pierre-Olivier Gourinchas. (COMPLETES VIDI32FH3FK_EN and VIDI32FH2YE_EN) SOUNDBITE
Fans in a Copenhagen fan zone explode with joy as Denmark hold off a second-half rally from the Czech Republic to win 2-1 in Baku, setting up a Euro 2020 semi-final against either England or Ukraine. IMAGES
Moscow, Jun 16 (EFE / EPA) .- (Camera: Yuri Kochetkov) Fans of the Russian team gather in a fan zone in Moscow to watch the EURO 2020 match against Finland.FOOTAGE OF THE FAN ZONE IN MOSCOW.
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