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Europe Daily Bulletin No. 8208

9 May 2002
Contents Publication in full By article 20 / 42
GENERAL NEWS / (eu) eu/economy
Commission scales back growth forecasts for second quarter in eurozone

Brussels, 08/05/2002 (Agence Europe) - Because US momentum is muted and persistent sluggishness in sales and construction, the European Commission has scaled back its growth forecasts for the second quarter of 2002 in the eurozone. In a press release issued on Tuesday, it is now predicting growth of 0.4 to 0.7% on the previous quarter, compared with its April predictions of between 0.5 and 0.8%. Its forecasts for the first quarter (0.2 to 0.5% growth) have not been changed. The Commission...

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