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Europe Daily Bulletin No. 8292

7 September 2002
Contents Publication in full By article 24 / 44
GENERAL NEWS / (eu) eu/economy
Commission reviews growth estimate downwards - +0.3% in euro zone in second quarter, says Eurostat

Brussels, 06/09/2002 (Agence Europe) - On Friday, the European Commission reviewed its estimates on economic growth in the euro zone downward. It is now tabling on a rise in GDP of between 0.3% and 0.6% not only for the third but also for the fourth quarter (compared to earlier forecasts of 0.6% to 0.9%).

The Commission says its expects there will be faster recovery in the second half of the year but recovery that is less marked than what it had hoped for earlier. This deterioration would...

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