Growth in the Eurozone will be sluggish in 2012, while the single currency area faces strong downside risks, Ernst and Young’s spring economic forecast will state today. The euro area economy is recovering “at a much slower pace than expected,” with forecast GDP growth of just 1.5 per cent this year and 1.7 per cent in 2012, Ernst and Young will announce. “And although we still expect a muted recovery for the Eurozone over the next 12 months that could easily be blown off course by global economic events or an escalation of the Eurozone debt crisis,” said Ernst and Young economist Marie Diron. Unemployment across the Eurozone could still be around 14m in 2015, according to the forecast – considerably above 2007 levels. Given the frailty of the economy, the European Central Bank could be making a mistake by raising interest rates, Diron feels. The ECB is widely expected to hike interest rates when it meets on Thursday of this week. Weak recovery in the Eurozone Share KCS-content Show Comments ▼ whatsapp Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sunday 3 April 2011 10:58 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Tags: NULL
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