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Europe Daily Bulletin No. 9070

18 November 2005
Contents Publication in full By article 12 / 41
GENERAL NEWS / (eu) eu/economy
Commission optimistic about economic upturn and drop in unemployment, but public deficits remain high in countries already under surveillance

Brussels, 17/11/2005 (Agence Europe) - Although the second half of 2005 is looking better than the first, the very moderate growth levels of the first half of the year have led the Commission to reduce its overall forecasts compared to those of April. According to the autumn economic forecasts, which Commissioner Almunia described as "well-balanced" when speaking to the press on Thursday, in 2005, the euro zone is set to grow by 1.3% and the EU of 25 by 1 .5%. This downward revision was...

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