Wednesday, March 2, 2011
EU boosts euro-zone growth forecast, trims U.K.
LONDON (MarketWatch) -- The European Commission on Tuesday slightly boosted its forecast for 2011 growth in the euro zone but cut its forecast for growth in the United Kingdom. The Brussels-based commission's interim forecast now calls for gross domestic product to grow 1.6% in the euro zone in 2011, up from its November forecast of 1.5%. The British economy is now expected to expand 2%, down from the commission's November projection of 2.2%. The lower U.K. forecast reflects
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