EU Interim Forecasts: Growth Moderates While Inflation Temporarily Surges
added: 2008-02-21
Economic growth is expected to slow to 2.0% this year in the European Union (1.8% in the euro area) as some of the downside risks identified in the autumn forecasting exercise – the ongoing financial turmoil, a sharp slowdown in the US, and high commodity prices – have materialised. This is 0.4 percentage point less, for both areas, than forecast in November.
