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Added on the 07/07/2021 11:25:43 - Copyright : AFPTV - First images
EU economic affairs commissioner Paolo Gentiloni says that the bloc has increased its growth forecast for 2021, as the eurozone economy holds strong against higher energy prices, supply chain bottlenecks and a fresh wave of Covid cases. SOUNDBITE
The EU sharply cut its eurozone growth forecast for 2024, Commissioner for the Economy Paolo Gentiloni says. Gentiloni says the European Commission predicts the single-currency economic area to grow by 0.8 percent in 2024, down from a previous forecast of 1.2 percent. SOUNDBITE
The European Central Bank slashes its growth outlook for the eurozone to 2.8 percent in 2022 and 2.1 percent in 2023, as Russia's invasion of Ukraine wreaks havoc on the world economy. SOUNDBITE
South Africa’s finance minister forecasts the economy will grow by 4.8 percent, a revision to the 5.1 percent growth previously forecast. While presenting the country's 2022 budget to parliament, minister Enoch Godongwana says "Commodity prices... also, violent unrest in July; restrictions imposed to manage the third wave of Covid-19 further eroded the gains made in the first half of the year." SOUNDBITE
The International Monetary Fund raises its forecast for eurozone economic growth in 2021 on the back of better-than-expected performances in France and Italy. Gita Gopinath, chief economist at the IMF, says they now expect growth of five percent for the single currency area as a whole. SOUNDBITE
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