July 18, 2005

WAIT, DID WE PREDICT GROWTH?:

EU Expects Disappointing Euro-Zone Growth (AP, Jul 18, 2005)

High oil prices and slowing global manufacturing will keep euro-zone growth disappointing in the second quarter, the
European Union said Monday.

The European Commission's quarterly report on the euro area said its spring forecast of 1.6 percent growth this year may prove "a little optimistic."


Posted by Orrin Judd at July 18, 2005 11:09 PM
Comments

"High oil prices and slowing global manufacturing will keep euro-zone growth disappointing"

But without them, the US economy would presumably be overheating disastrously.

Posted by: Bob Hawkins at July 19, 2005 10:03 AM
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