Euro zone growth likely to 'slow to a crawl' over the next 10 years, experts warn

Euro zone growth will 'likely slow to a crawl' in next 10 years, experts warn

, marking its slowest growth rate since 2013, with its largest economies Germany seeing flat growth, and Italy and France seeing a 0.3% and 0.1% contraction, respectively.

That, alongside political uncertainty in its largest economy Germany, divisions over the EU budget and Brexit, were all factors for the regional economy to contend with. In the fall, the European Commission had forecast 1.2% growth for the euro zone in 2020 and 2021, and 1.4% for the entire European Union .

"We suspect that the forecast for GDP growth in 2020 will be reduced from 1.1% to around 0.8%, with the projections for Germany and Italy likely to be cut particularly sharply. Forecasts for 2021 may also be reduced," he added. Many economists are skeptical about how much central banks can help in this situation, unless they use targeted measures.

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