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ECB survey sees lower euro zone growth ahead on Brexit

Growth is now seen at 1.4% next year, below an earlier projection of 1.6%

Reuters  |  Frankfurt 

Euro zone growth may be lower than previously expected, primarily due to the effects of Britain's vote to leave the European Union (EU), the European Central Bank's (ECB) Survey of Professional Forecasters showed on Friday. Growth is now seen at 1.4 per cent next year, below an earlier projection of 1.6 per cent while the 2018 estimate was cut to 1.6 per cent from 1.7 per cent, the quarterly survey of 51 forecasters showed. For 2016, the GDP growth projection was unchanged at 1.5 per cent. "Based on the qualitative comments provided by the respondents, these ...

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First Published: Fri, July 22 2016. 13:42 IST