ECB Monthly Bulletin, November 2004

The European Central Bank published its November 2004 Monthly Bulletin on Thursday 11 November, saying in its regular quarterly 'Survey of Professional Forecasters', that the experts had revised downward their growth forecast for 2005 to 2% from 2.1% previously.

The eurozone economy was expected to grow by 2.2% in 2006, instead of 2.3% as previously anticipated, the ECB said.

The downward revision was largely connected with the anticipation of a slowdown in worldwide growth, the ECB explained.


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