RobertB
September 11th, 2007, 11:43 AM
EU Commission trims euro zone 2007 growth outlook, raises inflation forecast
09.11.07, 7:01 AM ET
BRUSSELS (Thomson Financial) - The European Commission trimmed its euro zone growth forecast for this year to 2.5 pct from it previous projection of 2.6 pct due to a weaker-than-expected second quarter.
In its latest set of interim economic forecasts, the commission estimated 2007 inflation at 2.0 pct compared with the 1.9 pct it projected in its spring forecasts published on May 7, citing higher commodity prices.
The commission said the recent market turbulence has increased the downside risks to the euro zone's growth outlook.
It is simply the result of a global economy, with its inherent problems.
http://www.forbes.com/topstories/home/feeds/afx/2007/09/11/afx4103547.html
09.11.07, 7:01 AM ET
BRUSSELS (Thomson Financial) - The European Commission trimmed its euro zone growth forecast for this year to 2.5 pct from it previous projection of 2.6 pct due to a weaker-than-expected second quarter.
In its latest set of interim economic forecasts, the commission estimated 2007 inflation at 2.0 pct compared with the 1.9 pct it projected in its spring forecasts published on May 7, citing higher commodity prices.
The commission said the recent market turbulence has increased the downside risks to the euro zone's growth outlook.
It is simply the result of a global economy, with its inherent problems.
http://www.forbes.com/topstories/home/feeds/afx/2007/09/11/afx4103547.html