Wednesday, 22 November, 2017

France, Spain to make European Union deficit deadline, Italy's debt to fall - Commission

BRITAIN-EU-POLITICS-COURT-BREXIT The argument we can"simply walk away is"deeply flawed
Mae Harvey | 10 November, 2017, 01:11

In its autumn forecast, the European Commission (EC) has raised its forecast for Bulgarian GDP growth to 3.9% in 2017 and 3.8% in 2018, up from a projected growth of 2.9% and 2, 8%, the press office of the Ministry of Finance said.

With the growth forecast for 2017 slashed by 0.3 percent, it also expects the United Kingdom economy to only grow marginally over the next two years - by 1.3 percent in 2018 and by 1.1 percent in 2019, the year Brexit is now scheduled to happen.

The threats were evident in the bloc's forecasts for 2018 and 2019, when economic growth is expected to slow down.

Strong export growth, particularly in services, and a fall in imports related to the contraction in investment is pushing up the current account surplus, which is forecast to approach 10% of GDP in 2017. It is expected to continue to expand at an average rate of 4 per cent over the next two years.

GDP is forecast to grow by 3.5% in 2018, with a more balanced, and broad-based composition.

With the latter in mind, the European Commission revised its growth forecasts for the United Kingdom, cutting projected 2017 growth to 1.5 percent from 1.8 percent and forecasting a further slowing down in 2018 and 2019 respectively. Monthly government statistics to date suggest that the 2017 general government primary balance target (1.75 pct of GDP in terms of the ESM programme definition) will be met, with the balance of risks tilted to the upside. Wage dynamics are still constrained and inflation dampened because of slow productivity growth and a slack in the labour market.

Some Xbox One X consoles becoming unresponsive
The price at launch of the Xbox One X is $ 499 or $ U.S. , while the console is available in the United Kingdom for just under £ 450.

Xenoblade Chronicles 2 Season Pass Announced, Here's Everything It Includes
Abilities will differ from Blade to Blade, so selecting different Blades during battles will add a strategy element to gameplay. Players who purchase the expansion pass will receive new support items in December, followed by new quests in January.

Google Maps and Search will soon tell you wait times at restaurants
This could come in particularly handy for those bars and restaurants that don't take reservations (looking at you, Monk's ). Google determined the wait times with historical data, similar to the "Popular Times" graph, according to the company.

The improving economic outlook reflects a broader global economic upswing that is stoking investments by European Union companies as political and economic uncertainties dim.

The commission said the eurozone had enjoyed its best year since the start of the financial crisis a decade ago, having shaken off the debt crisis that gripped the region a couple of years ago. Our policies need to remain firmly focused on making growth sustainable and inclusive.

While recovery has taken place for 18 uninterrupted quarters, it remains incomplete and atypical, because of its dependence on policy support, the continuing presence of fiscal and financial fragilities stemming from the crisis, and the subdued strength of domestic demand compared to previous recoveries.

In 2017, private investment will be mainly driven by the satellite and aircraft industry, while growth of construction investment is forecast to remain robust throughout the forecast horizon, the report states.

The main factor behind this year's growth is set to be external demand, with domestic demand coming in second because of a significant contraction in investment.

The unemployment rate in Croatia will this year be 11.1 percent, falling to 9.2 in 2018, and 7.5 percent in 2019, which should be somewhere near European Union average.

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