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Europe Daily Bulletin No. 8604

12 December 2003
Contents Publication in full By article 27 / 46
GENERAL NEWS / (eu) eu/economy
1.6% growth and 1.8% inflation in 2004 according to ECB

Brussels, 11/12/2003 (Agence Europe) - In its last monthly report adopted on Thursday, the European Central Bank (ECB) is counting on 1.6% economic growth in the Euro zone in 2004 and an inflation rate of 1.8%. It is hence confirming its growth forecasts but clearly had to revise them upwards for inflation, which in June it had forecast a rate of 1.3%. The ECB has revised its forecasts for medium term growth in the Euro zone downwards for 2003 (0.4% as opposed to 0.7% forecast in June). this...

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