The EC downgraded its forecast for the U.S. GDP growth in 2015 by 0.5 percentage points to 2.6%

The EC downgraded its forecast for the U.S. GDP growth in 2015 by 0.5 percentage points to 2.6%


Also lowered the forecast for 2016, the European Commission expects the GDP growth by 2.8% against 3% in the previous forecast. In the report the EC notes that the US economy maintained its steady growth, despite a weak start to the year.

MOSCOW, 5 Nov. The European Commission expects the US GDP growth this year of 2.6%, according to the autumn forecast of the EC.

In the spring forecast, the European Commission suggested that growth in real U.S. GDP in 2015 will amount to 3.1 per cent.

For 2016 the forecast is also lowered EC now expects growth of GDP by 2.8% against 3% in the spring forecast. In 2017, GDP will grow by 2.7%.

“The U.S. economy keeps steady growth, despite a weak start to the year, which was partly due to temporary factors”, — the report of the European Commission.

Inflation in the U.S. in the current year is expected at 0.2%, in 2016 to 2.1%, and in 2017 and 2.3%. Unemployment in the country, according to the EC, will gradually decrease. So, by the end of 2015 it will amount to 5.3%, in 2016 — by 4.8%, and in 2017, at 4.6%.