Forecast for EU: Gloomy with growing economic headwinds

Spanish Prime Minister Pedro Sanchez (at right) meeting European Central Bank president Mario Draghi in Madrid on Monday. From the start of this year, Mr Draghi has been warning about the economic risks facing the euro area.
Spanish Prime Minister Pedro Sanchez (at right) meeting European Central Bank president Mario Draghi in Madrid on Monday. From the start of this year, Mr Draghi has been warning about the economic risks facing the euro area.PHOTO: AGENCE FRANCE-PRESSE

Downturn will aid anti-establishment fringe parties in May's European Parliament polls

The European Commission, the European Union's executive body, is releasing its quarterly forecast for economic growth in the region later today.

It will not make happy reading, for evidence is mounting that the nations belonging to the euro single currency zone have hit a rough patch, with growth weakening in the second half of last year.

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A version of this article appeared in the print edition of The Straits Times on February 07, 2019, with the headline 'Forecast for EU: Gloomy with growing economic headwinds'. Print Edition | Subscribe