ECB predicts economic upturn will occur in first half of next year
EU finance ministers huddled with the European Central Bank governors in Copenhagen last weekend to mull over the latest signs of economic stagnation in the 15-member bloc. At a rate of less than 1 percent, European economic growth was less than the 1.4 percent predicted six months ago by the European Commission. The Commission has revised its growth estimate for the second quarter of 2002 from 0.6 percent to 0.3 percent.
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|