IMF: Europe’s outlook


This morning I was reading the Financial Times and found an article about Europe’s outlook, by IMF.

“Financial market turbulence would reduce real growth by 0.75 percentage points in both 2008 and 2009. (…) Inflation in the Eurozone his 3.6 % last month, the highest for almost 16 years.

The IMF estimates that a 1 percentage point fall in US growth cuts European growth by about half that amount.”

IMF stands by gloomy view on Europe outlook //// Financial Times, April 22nd, 2008


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