EU Interim Forecasts: Sharper-Than-Expected Slowdown
added: 2008-09-10
Economic growth is expected to post 1.4% this year in the European Union (1.3% in the euro area) - around 0,5 percentage point less than forecast in April. The main downside risks identified in the spring forecast have materialised, with the financial turmoil deepening, commodity prices soaring and the shocks to several housing markets spreading more widely.
