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Europe Daily Bulletin No. 8539

11 September 2003
Contents Publication in full By article 15 / 49
GENERAL NEWS / (eu) eu/economy
Commission and ECB review their growth estimates downward

Brussels, 10/09/2003 (Agence Europe) - The European Commission now only foresees average growth of 0.5% in the GDP of the euro zone, instead of 0.7% in its earlier estimates, the spokesperson for Commissioner Pedro Solbes said on Wednesday. At the same time, the European Central Bank (ECB) has reviewed its forecasts downward tabling on growth of 0.4% (compared to 0.7% in earlier figures), say sources cited by AFP. The ECB considers that growth for the coming year could reach 1.5% (compared...

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