Europe's economic expansion slowed
Euro-zone GDP increased just 0.4% in Q4 2007, down from 0.8% in Q3 2007, according to the European Union announced.
European economic expansion cooled
in the fourth quarter as the U.S.-led global slowdown curbed export
demand and soaring food and energy costs undermined consumer
spending.
Many economists believe Eurozone growth has now peaked
and the European Commission will likely confirm that next week with a
growth forecast of nearly 2% for 2008. The credit crisis crunch has
also exacerbated slowing growth, making banks more reluctant to lend
to customers, businesses and each other.
Related news
Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >