Monday, November 14, 2011

Why EU Growth Forecast Fell

Domestic Demand Isn't Ready To Support EU Growth
The European Commission last week published a remarkably grim outlook for the European economy, as we have already noted. The EU’s executive arm sees GDP growth next year of just 0.6%, down from its forecast just six months ago of 1.9%. The 2011 forecast was cut to 1.6% from 1.8%.

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