Recents in Beach

As downside risks surface, the EU raises its economic recovery projection

As downside risks surface, the EU raises its economic recovery projection



Let's begin with news coming from europe it's shrugging off growing worries about new kobe knight ingredients and the impact of supply bottlenecks on factory production european commission has upgraded its eurozone growth forecast european union's executive commission predicted the eurozone will grow by 4.8 this year this after reopening of economies in second quarter and on hopes of a better tourist season it is much faster than 4.3 percent expansion it had forecast in may this has come in the backdrop of german industrial output coming down in may while country's main auto association has downgraded its 2021 car sales forecast persistent global semiconductor strategies have also hit production in eurozone the commission has also warned its estimates were based on the assumption that there will be a further easing of pandemic induced restrictions in the second half of this year risks about outlook therefore remained high although they were seen as balanced coronavirus cases in germany were up again this week after more than two months of decline the eu commission urged further stepping up of vaccination campaigns to contain threats posed by spread and emergence of variants of kobit 19 and in particular by more transmissible delta variant.

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