The International Monetary Fund (IMF) raised the target of GDP growth in 2018 to 2.3 percent, the Fund's regional economic trend on Thursday announced.
The International Monetary Fund (IMF) raised the growth target for the European Gross Domestic Product (GDP) in 2018 to 2.3 percent, the Fund's regional economic trend on Thursday announced.
In October, the IMF cut the eurozone growth forecast in 2018 by 2.0 percent, and in 2019, 1.9 percent.
It is expected that real GDP growth in Europe will be moderate from 2.8 percent in 2017 to 2.3 percent in 2018 and 1.
9 percent in 2019, but remain above potential in most countries in the region, "the report said.
Domestic demand, according to the report, "will continue to be the main driver of growth, with the support of increasing employment and wages."
Growth, according to the report, is revised downwards in about half of the countries compared to projections in May. Downward adjustment is mainly a result of weaker external demand and increased energy prices, the report adds.