Barclays Capital has cut its forecast for eurozone growth in 2002 to 1% from 2.1%. This prediction...
Barclays Capital has cut its forecast for eurozone growth in 2002 to 1% from 2.1%. This prediction, following on from events of 11 September, is based on the idea that military intervention won't solve the current terrorist crisis immediately. In this scenario, Barclays Capital predicts GDP growth in 2003 should be up at 2.5% on the back of a recovery in world demand and monetary stimulus from previous rate cuts. Barclays Capital believes inflation should continue to trend downwards until mid-2002 on the back of lower oil prices and core inflation. As a result, it sees headline infla...
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