12 November 2001, 11:10 MktNews: FTD index: EMU economy on brink of Recession
The FTD indicator, compiled by a consortium of eight of Europe's
leading European research institutes, projects that the eurozone fourth
quarter annual growth rate will slump to only +0.5%, down from a
projected +1.2% in the third quarter and an actual +1.7% in the second
quarter. Moreover, the economic situation has deteriorated rapidly, as
shown by the fact that a month ago the FTD indicator was pointing to
growth rate of +1.2% y/y in the fourth quarter.
© 1999-2024 Forex EuroClub
All rights reserved