The crisis on the financial markets and high oil - and raw material prices ways on the economic growth. That becomes clear from the autumn forecasts of EU-Commission that Friday was released. The increase in EU-27 will fall back on 2.9 in 2007, to 2.4 percent in 2008. In the euro zone it goes of 2.6 in 2007, to 2.2 percent in 2008.
The driving force behind the reduced increase remains the private consumption. The internal question remains strong, thanks to the high employment. Moreover there is the positive pulse of the rising economies. The lower increase in the US (2.1 percent in 2007) on the other hand has become a slowing down factor.
For the period 2007-2009 the EU-Commission expect 8 million of new jobs and a fall of the unemployment up to 6.6 percent in 2009.
In comparison with the previous years there is much more uncertainty. Not only there is the disorder on the financial markets, there is the spectacular increase of the oil-price.
The public debt its dive, however, will continue. Between 2006 and 2009 it will decrease with approximately 5 percent points and still only 63.4 percent to amount to. In the complete EU the objective of maximum 60 percents debt would be already obtained in 2007.
The driving force behind the reduced increase remains the private consumption. The internal question remains strong, thanks to the high employment. Moreover there is the positive pulse of the rising economies. The lower increase in the US (2.1 percent in 2007) on the other hand has become a slowing down factor.
For the period 2007-2009 the EU-Commission expect 8 million of new jobs and a fall of the unemployment up to 6.6 percent in 2009.
In comparison with the previous years there is much more uncertainty. Not only there is the disorder on the financial markets, there is the spectacular increase of the oil-price.
The public debt its dive, however, will continue. Between 2006 and 2009 it will decrease with approximately 5 percent points and still only 63.4 percent to amount to. In the complete EU the objective of maximum 60 percents debt would be already obtained in 2007.
(Jonas)
1 comment:
This is not so good. But a thought that the next sentence is positive: For the period 2007-2009 the EU-Commission expect 8 million of new jobs and a fall of the unemployment up to 6.6 percent in 2009.
A fall of the unemployment is always good news, because the welt grows.
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