Eurozone will return to gradual growth in 2010 and Ireland by 2011 when Irish debt/GDP ratio will rise to 96%
Nov 3rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Commission said in its autumn forecast today that the Eurozone will return to gradual growth in 2010 and it raised its forecasts as budget deficits and unemployment rise to the highest levels since at least 1995. The commission said Ireland will not achieve full-year growth until 2011 when the Irish debt/GDP (gross national product) ratio will rise to 96%.