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Added on the 10/02/2022 13:37:38 - Copyright : Euronews EN
Paolo Gentiloni, European Commissioner for Economy, revises the eurozone's 2021 growth forecast "markedly" to 4.8 percent. Brussels had been expecting a 4.3 percent growth rate as the single-currency area recovers from the effects of the coronavirus pandemic and associated lockdowns. SOUNDBITE
The EU sharply cut its eurozone growth forecast for 2024, Commissioner for the Economy Paolo Gentiloni says. Gentiloni says the European Commission predicts the single-currency economic area to grow by 0.8 percent in 2024, down from a previous forecast of 1.2 percent. SOUNDBITE
The European Central Bank slashes its growth outlook for the eurozone to 2.8 percent in 2022 and 2.1 percent in 2023, as Russia's invasion of Ukraine wreaks havoc on the world economy. SOUNDBITE
Paolo Gentiloni, European Commissioner for Economy, announces that the EU is sharply cutting its eurozone growth forecast for 2022 to 2.7 percent as the bloc struggles with skyrocketing energy prices due to the war in Ukraine. SOUNDBITE
South Africa’s finance minister forecasts the economy will grow by 4.8 percent, a revision to the 5.1 percent growth previously forecast. While presenting the country's 2022 budget to parliament, minister Enoch Godongwana says "Commodity prices... also, violent unrest in July; restrictions imposed to manage the third wave of Covid-19 further eroded the gains made in the first half of the year." SOUNDBITE
The International Monetary Fund projects that energy prices "will be elevated" during the coming winter months but will then "come back down by the end of the first quarter next year and into the second quarter," IMF chief economist Gita Gopinath says in an interview with AFP. SOUNDBITE
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