Describing growth for the second half of the year as “particularly strong”, the European Commission has increased its growth projections for the second half of 2010. The commission now expects growth in 2010 of 1.8% in the EU, up from an earlier estimate of 1%, and of 1.7% in the 16-member eurozone, up from 0.9%.
“While activity is still expected to moderate in the second half of the year, the outlook is for a slightly improved quarterly profile compared to the spring forecast, due to the spill-over of some momentum from the second quarter,” the commission said.
Source: BBC News