Brussels fears deficits will exceed forecasts

European governments are at risk of recording even higher budget deficits in 2009 than was thought likely four months ago, the European Commission warned on the 14 September 2009.
Presenting its latest economic forecasts for 2009, the Commission said preliminary information indicated that deficits in the 27-nation European Union could be above the average 6% of gross domestic product estimated in May 2009.

ESO: Background information: End to Europe’s recession in sight http://www.europeansources.info/record/end-to-europes-recession-in-sight/

European Commission: DG Economic and Financial Affairs: EU Interim Forecast, September 2009 http://ec.europa.eu/economy_finance/thematic_articles/article15857_en.htm

European Commission: DG Economic and Financial Affairs: Publications: Index of economic forecasts http://ec.europa.eu/economy_finance/publications/european_economy/forecasts_en.htm

BBC News, 14.9.09: Eurozone is 'exiting recession' http://news.bbc.co.uk/1/hi/business/8254257.stm

EurActiv, 15.9.09: Recession wanes but job losses rise, says Commission http://www.euractiv.com/euro-finance/recession-wanes-job-losses-rise-news-222547

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