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Eurozone economic development will improve slightly this year and next, the European Fee estimated on Thursday. The tempo shall be slower in 2016 than beforehand forecast due to increased world dangers, Reuters reported. The GDP of the 19-nation single foreign money bloc is expected to increase by 1.7 % this year from 1.6 percent in 2015. The recovery will achieve velocity in 2017 with financial enlargement of 1.9 percent, the EU government mentioned in its winter economic forecasts. The expansion estimate for this yr is a slight downward revision of the 1.8 % seen within the final set of forecasts in November, while the 2017 determine was unchanged.

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