ECB hikes growth forecast
- Published: 2/09/2010 at 09:26 PM
- Online news:
The European Central Bank on Thursday raised its growth and inflation forecasts for the 16-nation eurozone, with the economy now expected to expand 1.6 percent this year and 1.4 percent in 2011.
In June, the ECB had forecast growth at 1.0 percent in 2010 and 1.2 percent in 2012.
Earlier Thursday, the European Union reported second quarter eurozone growth of 1.0 percent, compared to quarter-on-quarter growth of 0.4 percent in the United States and 0.1 percent in Japan.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
