IMF's Deppler sees eurozone recovery on horizon

A top IMF official said on Friday 30 September that the potential economic growth rate for the eurozone should rise above 2% in the next few years, but high oil prices could delay the recovery.

"There is a recovery on the horizon," he said Friday, adding that the timing is difficult to predict.

"Oil may delay that turn," he cautioned.

"It is clear we see a recovery going forward -- not a robust one, a weak one," Deppler said.

"We would expect it to rise further in 2007, above 2.0 percent," he sai