The European Commission has raised its 2008 inflation estimate for the eurozone from 2.6 to 3.2 percent while slightly trimming its growth forecast to 1.7 percent, down from 1.8 percent.
The Commission said in its spring Economic Forecast that record oil and food prices were taking their toll on growth and inflation while financial market turmoil and a US slump were proving Strong earthquake hits southern Mexico ...
Merkel calls on Russia ratify human rights reforms ...
EU Searches for Solutions to Financial Turmoil ...
US growth forecast slashed ... to be worse than previously expected. The Commission also raised its inflation estimate for the 27-nation European Union from 2.9 to 3.6 percent. But it stuck to its estimate for 2.0 percent economic growth.
(Deutsche Welle)
more info >>
<< Back