RobertB
February 23rd, 2008, 08:11 PM
Unfortunately for the ordinary Europeans the policy makers and politicians there are seemingly always behind the curve, as they were on the global economic slowdown. Several of them tried to suggest they were immune to an economic slowdown in the US, but as usual they were dreaming. It seems some of them now see the light, somewhat late.
Brussels predicts slow growth and higher prices in Europe
21.02.2008 - 17:36 CET | By Lucia Kubosova
EUOBSERVER / BRUSSELS - The European Commission has indicated that a negative outlook for the EU economy due to global market turbulence and the US economic slow-down is becoming a reality.
"The global situation and the outlook remain unusually uncertain. This follows from the financial turmoil still ongoing," EU economy commissioner Joaquin Almunia said on Thursday (21 February).
In an interim forecast on the EU's economy, the commission revised down its 2008 growth expectations for the 27-member bloc to two percent, and for the 15-member eurozone to 1.8 percent - both 0.4 percentage points lower than predicted in last November.
http://euobserver.com/9/25703
Brussels predicts slow growth and higher prices in Europe
21.02.2008 - 17:36 CET | By Lucia Kubosova
EUOBSERVER / BRUSSELS - The European Commission has indicated that a negative outlook for the EU economy due to global market turbulence and the US economic slow-down is becoming a reality.
"The global situation and the outlook remain unusually uncertain. This follows from the financial turmoil still ongoing," EU economy commissioner Joaquin Almunia said on Thursday (21 February).
In an interim forecast on the EU's economy, the commission revised down its 2008 growth expectations for the 27-member bloc to two percent, and for the 15-member eurozone to 1.8 percent - both 0.4 percentage points lower than predicted in last November.
http://euobserver.com/9/25703