The European Commission has raised its prediction for economic growth in euro region for the current year and cut its prediction for inflation. Following a strong economic growth of 2.7 percent last year, EU has revised its earlier prediction for 2007 to 2.4 percent from 2.1 percent predicted earlie[...]
Posts Tagged ‘EU Economy’
June 7th, 2012 - 10:27 am § in News Of Economy
EU set to enter another year of strong economic growth
May 28th, 2012 - 1:51 pm § in News Of Economy
European bank raises interest rate, hints at further increase
The European Central Bank has recently raised its benchmark interest rate by one-quarter of a percentage point to 3.75 percent, in a move aimed at keeping growth in check and inflation at bay. The bank also indicated that that it was willing to tighten credit market even further. Speculations are hi[...]