EU economy enters 2024 on weaker footing than anticipated: forecast

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EU economy enters 2024 on weaker footing than anticipated: forecast

STORY: EU economy enters 2024 on weaker footing than anticipated: forecast SHOOTING TIME: Feb. 15, 2024 DATELINE: Feb. 16, 2024 LENGTH: 00:01:08 LOCATION: Brussels CATEGORY: ECONOMY SHOTLIST: 1. various of the European Commission Berlaymont building 2. various of the press conference STORYLINE: The European Commission's Winter Interim Forecast published on Thursday revised growth in both the European Union (EU) and the euro area down to 0.5 percent in 2023, from 0.6 percent projected in the Autumn Forecast in November. For 2024, the EU's economic growth is projected to reach 0.9 percent, down from the autumn projection of 1.3 percent. The eurozone's growth is revised down to 0.8 percent from the 1.2 percent predicted in autumn. "After a bruising 2023, the European economy has emerged a little weaker than expected, although the rebound should speed up gradually this year and into 2025," said Valdis Dombrovskis, executive vice president of the European Commission for an Economy that Works for People. "T

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