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Europe Daily Bulletin No. 9737

11 September 2008
GENERAL NEWS / (eu) eu/economy
Economic forecasts for Europe show sharp downturn

Brussels, 10/09/2008 (Agence Europe) - Faced with a slowdown in growth and continued high inflation, the European economy is stagnating. This observation comes as no surprise. It is based on forecasts published on Wednesday 10 September and illustrates significant differences in the seven main economies of the Euro zone and the EU as a whole. Oil and raw material price volatility is still the biggest risk to growth and inflation, even though the latter may peak towards the end of the year....

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