Bank of Finland cuts Europe growth forecasts on Brexit, Italy problems



Finland's central bank cut on Thursday its forecast for economic growth in Europe for next year, citing impacts from Britain's vote to leave the EU as well as weakened economic prospects in Italy.
The Bank of Finland slightly lifted its 2016 growth forecast for the EU22 countries -- the euro zone, Britain, Sweden and Denmark -- to 1.7 percent from a previous 1.6 percent, but cut it to 1.3 percent for 2017 and 1.6 percent for 2018 from 1.8 percent previously for both years.
"Europe's growth will be dampened also by internal factors which are not linked to Brexit, such as deterioration... read more

 
29 September 2016 in Business, Views: 30
Source: Reuters
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