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Europe Daily Bulletin No. 8096

22 November 2001
Contents Publication in full By article 11 / 38
GENERAL NEWS / (eu) eu/economy
Commission forecasts eurozone growth of no more than 1.6% in 2001 but rules out any danger of recession for the moment - Unemployment to rise in 2002

Brussels, 21/11/2001 (Agence Europe) - On Wednesday, the European Commission published its economic forecasts for 2001-2003, expecting the eurozone economy to grow by no more than 1.6% on average in 2001 (compared with 3.4% in 2000) and 1.3% in 2002, rising to 2.9% in 2003. GDP growth in Europe is expected to lost steam very fast at the end of 2001 (negative growth of +0.2% in the fourth quarter of 2001) but the Commission has expressed confidence in the future, feeling that a recession is...

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