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Europe Daily Bulletin No. 8809

19 October 2004
Contents Publication in full By article 21 / 56
GENERAL NEWS / (eu) eu/economy
Almunia says growth forecasts may be scaled back

Brussels, 18/10/2004 (Agence Europe) - On Friday, Commissioner Joaquin Almunia said that the EU's growth forecasts for 2005 may be scaled back from the forecasts made in April 2004. Bloomberg quotes a draft version of the report (to be published on 26 October), announcing revised growth forecasts of 2.1% (rather than 2.3% as forecast in April). The forecasts may be scaled back as a result of rising oil prices, a slowdown in US growth and the hike in the euro on the dollar, notes the...

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