Citing Trump and Brexit, EU sees euro zone economy risk, sharp drop in UK growth

[Jose Garcia]

Source: Reuters

The European Commission said on Monday that uncertainty about U.S. policies, Brexit and elections in Germany and France would take their toll on the euro zone economy this year.

It forecast euro zone economic growth to lose some speed this year before rebounding in 2018. It saw a sharp growth drop ahead in non-euro zone and EU-leaver Britain.

The British economy will nearly halve its expansion by 2018, the European Union executive said in a broad series of economic forecasts.

Growth in the 19 countries sharing the euro would slow to 1.6 percent this year from 1.7 percent in 2016, but would gain speed in 2018 when the bloc's gross domestic product (GDP) is expected to increase by 1.8 percent.

Read more: http://www.reuters.com/article/us-eu-forecasts-growth-idUSKBN15S162?utm_campaign=trueAnthem:+Trending+Content&utm_content=58a1af0104d301318c1ffab5&utm_medium=trueAnthem&utm_source=twitter

[TexasMommaWithAHat]

1. So far, economic growth in the UK has been

more robust in the last half of 2016 after the vote than before the vote.

I don't think we can expect any predictions to be very accurate at this point.