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The European Union economy is expected to grow by 2.9% in 2007 and 2.7% in 2008 (2.6% and 2.5%, respectively, in the euro area) on the back of solid investment and stronger private consumption, according to the Commission’s spring economic forecasts.
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In March 2007, compared with March 2006, the volume of retail trade grew by 2.6% in the euro area (EA13) and by 3.8% in the EU27. Compared with February 2007, the retail sales index rose by 0.5% in the euro area and by 0.6% in the EU27.

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The euro area (EA13) industrial producer price index rose by 0.3% in March 2007 compared to February. In March 2007, EU27 prices also gained 0.3%. In February prices also increased by 0.3% in both the euro area and the EU27.
wiêcej

According to the latest revisions, the EU25 external current account recorded a deficit of 4.8 billion euro in the fourth quarter of 2006, compared with a deficit of 24.0 bn in the fourth quarter of 2005 and a deficit of 20.5 bn in the third quarter of 2006.
wiêcej

Stamp duty on share transactions is damaging the economy, eroding pensions and savings and hitting investment according to new Oxera research.
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The European Commission has set out, in the form of a Green Paper, its vision for future EU policy on retail financial services, which are financial products such as bank accounts, loans, mortgages, investments and insurance provided to individual consumers.
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For the first time, spending on growth and employment policies will represent the highest share of the budget, ahead of agriculture and natural resources. This is the key message sent by the Commission in its budget proposals for 2008, adopted today. At EUR 129.2 billion in commitment appropriations, the budget increases by 2% compared to 2007. Payment appropriations are set at EUR 121.6 billion, a 5.3% increase.
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Euro area (EA13) seasonally-adjusted unemployment stood at 7.2% in March 2007, compared with 7.3% in February. It was 8.2% in March 2006. The EU27 unemployment rate was 7.3% in March 2007, the same as February. It was 8.2% in March 2006.

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The Economic Sentiment Indicator (ESI) remained broadly stable at a high level in both the EU and the euro area in April. The indicator edged down by 0.2 of a point in the EU and by 0.1 of a point in the euro area, to 113.6 and 111.0 respectively.
wiêcej

Nearly 20% of European households buy bundled telecom packages, according to an EU-wide survey of 27,000 representative households. Almost 30% are now connected to the internet via high-speed 'broadband' links and households increasingly use mobile phones as fixed lines become less popular. 17% of Europeans having a home Internet connection use it for Internet telephony.
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