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Europe Daily Bulletin No. 8339

14 November 2002
GENERAL NEWS / (eu) eu/economy
Commission pessimistic about growth prospects in Europe and undertakes to act in order to remedy slide in public finances

Brussels, 13/11/2002 (Agence Europe) - On Wednesday, the European Commission adopted its autumn economic forecasts for the period 2002-2004 in which it predicts, for the twelve States of the euro zone, average GDP growth of 0.8% in 2002 and only 1.8% in 2003 (1.1% less than in the spring forecast). "Only from the second half of that year is growth expected to gain momentum, if confidence returns, oil prices ease and stock markets remain stable", the Commission says. It also confirms the...

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