The European Central Bank (ECB) published its latest economic bulletin of 2019 last Friday, slightly changing a projection for the growth of the economy of the 19 Eurozone countries to 2020. According to the ECB, or GDP grows 1, 1% by 2020 in the region, compared to a previous estimate of 1.2%.
The ECB estimated that the forecast has now changed because "there has been a deterioration in world trade flows", only partially offset by supportive monetary policies and an "effective depreciation of the euro". The ECB maintains its Eurozone GDP growth project in 2019, which remains at 1.2%. For 2021, the ECB also maintained economic growth of 1.4%.