EU cuts economic growth forecast for 2019, 2020

Christine Lagarde (L), President of the European Central Bank, talks with Mario Centeno, President of the Eurogroup, before the Eurogroup meeting in Brussels, Belgium, on Nov. 7, 2019. The European Commission said on Thursday that euro area gross domestic product (GDP) is forecast to expand by 1.1 percent in 2019 and by 1.2 percent in 2020 and 2021. Compared with the projections the European Union's executive arm published in July, the growth forecast has been downgraded by 0.1 percentage points for 2019 and 0.2 percentage points for 2020. (Photo by Riccardo Pareggiani/Xinhua)