The European Commission has indicated that a negative outlook for the EU economy due to global market turbulence and the US economic slow-down is becoming a reality.
"The global situation and the outlook remain unusually uncertain. This follows from the financial turmoil still ongoing," EU economy commissioner Joaquin Almunia said on Thursday (21 February).
In an interim forecast on the EU's economy, the commission revised down its 2008 growth expectations for the 27-member bloc t...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login