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Economic indicators:
Autumn Economic Forecasts.The Commission issued their Autumn 1998 Economic Forecasts on 21.10.98. The overall picture of favourable economic growth in the EU is expected to remain strong over the period 1998-2000, driven essentially by internal consumption and investment. In 1998, EU growth is now expected to be 2.9%, slightly above the Spring forecasts, despite the events in Asia and Russia. However, the prospects for 1999 are down due to external factors (2.4% growth anticipated in the EU) and 2.8% in 2000. Overall, the EU economy is expected to outperform the other major industrialised economies of the world throughout the forecast period.
Source: Press Release (European Commission), IP/98/913 (21.10.98); Document (European Commission), DOC/98/11 (21.10.98). Also on Internet: http://europa.eu.int/comm/dg02/document/ecofore/199810_en.htm
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