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Image header Agence Europe
Europe Daily Bulletin No. 8716
Contents Publication in full By article 13 / 44
GENERAL NEWS / (eu) eu/economy

Commission maintains growth forecasts, but acknowledges existence of "negative risks" related to course of oil price and exchange rates

Brussels, 01/06/2004 (Agence Europe) - On Tuesday, the European Commission left its forecasts of euro zone growth unchanged. Growth is set to fluctuate between 0.3% and 0.7% in the second quarter of 2004 and between 0.4%and 0.8% in the third quarter. When asked about the impact of the hike in oil prices, Gerassimos Thomas, spokesperson to Joaquin Almunia, repeated the essence of the Commissioner's words last weekend. He recognised that there were "negative risks". If current oil prices and...

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