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The muted outlook, delivered as executives met with analysts and investors in New York, helped send Nokia's shares down sharply.
The discount retailer Target missed analysts' forecasts for its second quarter revenue and offered a muted outlook for sales for the rest of the year.
"A muted outlook for investment typically implies a weak labor market ahead, which in turn is likely to dampen private consumption," the commission said.
But given the muted outlook for growth in the eurozone, and in particular the region's low fertility rates, the vision that the UK economy will pass Germany in another 15 or 20 years is not an absurd one.
Wall Street had something of a delayed reaction to the Federal Reserve's latest statement, initially embracing the central bank's decision to forgo a passive tightening strategy on Tuesday, then growing wary of the Fed's muted outlook on the U.S. economy Wednesday.
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He delivered a careful and balanced view of the economy (a gradual healing in the context of a still-muted outlook growth and jobs), re-iterated the improved banking and financial conditions at home (stressing the major additions to bank capital), and referred to the strains in Europe (acknowledging that they act as a drag on the US economy).
The retailer ofered a muted profit outlook for the rest of the year, citing continued economic uncertainty.
And the CBI said "clear challenges" remained both at home and abroad, with uncertainty in the eurozone and what it called a muted international outlook holding back investment.
And the longer term outlook is muted.
Because the odd thing about these paintings, so often presented as warmly human and inclusive in their outlook, is their muted misanthropy.
"The near-term outlook for inflation is muted.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com