The economy of the 18-country strong eurozone will
grow by just 0.8% this year, the European Commission has said.
The
forecast is below the 1.2% estimate made earlier this year. The commission
has also has cut its growth forecast for 2015 to 1.1% from 1.7%.
EU vice president Jyrki Katainen said "the economic and employment
situation is not improving fast enough".
The
report predicts that inflation in the eurozone will continue to be low and
employment high.
Continuing weakness in France and Italy would keep the brakes on
recovery, it said.
The EU executive said the eurozone's economy would not now reach a
growth rate of 1.7% until 2016.
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