The eurozone economy will reach a low this year, but will accelerate in the coming two years the European Commission predicts.
The commission said in its twice-yearly economic forecast published today (17 November) that GDP growth in the 12 eurozone countries would drop to 1.3 percent this year from 2.1 percent in 2004.
But the economy will take an upward swing next year, reaching 1.9 percent in 2006 and 2.1 percent in 2007.
The growth estimates are a bit better for the wh...
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Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.