Eurozone growth forecast cut on China, migrant risks

The EU cut Thursday its eurozone growth forecasts for this year, warning that the slowdown in China and Europe's biggest migrant crisis since World War II could chill the economy. Warning of increased global risks for the 19-country single currency area, which is still recovering only sluggishly from its debt crisis, the European Commission trimmed its 2016 forecast to 1.7 percent from 1.8 percent. "Europe’s moderate growth is facing increasing headwinds, from slower growth in emerging mar