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Europe Daily Bulletin No. 8816

28 October 2004
Contents Publication in full By article 10 / 28
GENERAL NEWS / (eu) eu/economy
Commission tables on 2% growth in euro zone and 2.3% growth for EU in 2005 - 3% deficit or more next year for France, Germany, Greece, Portugal and Italy - Oil price problem

Strasbourg, 27/10/2004 (Agence Europe) - As foreseen, the new growth figures published by the European Commission on Tuesday correct the fall in earlier Commission forecasts for 2005. As a consequence of rising oil prices, growth next year will not be 2.3% but 2% in the euro zone, and 2.3% in the EU of 25. The Commission's autumn forecasts, on the other hand, table on a rise in 2006 with 2.2% and 2.4% respectively. Growth in employment should speed up in 2005 and 2006 (0.9% compared to 0.5%...

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