The European Commission has slightly reduced its eurozone growth forecast. It expects the economy to expand by 1.1 percent next year.
UK Prime Minister Theresa May has called for a security treaty between the EU and Britain "to protect all EU citizens." European Commission chief Jean-Claude Juncker said security ties between the two will be upheld.
The world economy is growing fast and according to a respected UK economic forecaster, that is behind an improved British growth forecast. As ever though, the outcome of Brexit decides all.
A leaked UK government forecast reportedly predicts that the British economy will suffer no matter what trade deal is struck with the European Union. There are calls for a full disclosure of the report.
The global lender has surprised analysts by predicting better-than-expected global growth. But the bank also warned of fading potential mainly in advanced economies due to aging populations.
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