Commission autumn economic forecasts 2005-2007
Economic activity is set to grow 1.5% in the European Union in 2005 before rebounding to potential in 2006 at 2.1% and to accelerate further to 2.4% in 2007.The corresponding figures for the euro area are 1.3%, 1.9% and 2.1%. The main impulse stems from domestic demand, in particular private investment, triggered by a marked recovery in economic sentiment since mid 2005. The EU is expected to create six million new jobs in the three-year period, ...more