| Author (Person) | Atkins, Ralph, Minder, Raphael |
|---|---|
| Series Title | Financial Times |
| Series Details | 4.4.05 |
| Publication Date | 04/04/2005 |
| Content Type | News |
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In its Spring Economic Forecast 2005, the European Commission said it expected eurozone growth of just 1.6 per cent in 2005, compared with its forecast of October 2004 of 2 per cent and the 2 per cent estimated growth in 2004. Surging oil prices, which reached a peak on 4 April 2005, and the strong euro had forced the European Commission to cut substantially its forecast for eurozone growth in 2005, heightening fears about the slowdown's global impact. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
