The European Commission cut is Euro zone growth outlook, saying the region’s economy would expand 0.8% this year, 1.1% next year and 1.7% in 2016. France and Italy were the main catalyst, which caused the delay in the recovery. Germany’s economy, the Euro area’s powerhouse, would also face a slower growth than the Commission had expected, expanding 1.1% in 2015, compared with 2% rate estimated in the Spring forecasts.