November 18, 2005

THAT'S THE GOOD NEWS?:

Eurozone economy to bottom out this year (Lisbeth Kirk, 11/17/05, EUOBSERVER)

The commission said in its twice-yearly economic forecast published today (17 November) that GDP growth in the 12 eurozone countries would drop to 1.3 percent this year from 2.1 percent in 2004.

But the economy will take an upward swing next year, reaching 1.9 percent in 2006 and 2.1 percent in 2007.


Posted by Orrin Judd at November 18, 2005 8:11 AM
Comments

Did the article give a reason for the projected upswing?

Posted by: erp at November 18, 2005 9:41 AM

I find 1.3% too enthusiastic. And no mention of France? Will theirs be revised downwards after the fireworks of the past month?

Posted by: jim hamlen at November 18, 2005 11:52 AM

Jim:

I think they are basing it on their notion of "core" growth. Omits the private sector.

Posted by: Peter B at November 18, 2005 12:48 PM
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