Latvia Has Best Growth Prospects

BusinessEconomy ♦ Published: November 8, 2012; 00:18 ♦ (Vindobona)

Today, the EU Commission has announced its economic forecast for 2012. Austria is among the economically stable countries.

Latvia Has Best Growth Prospects / Picture: ©

This year, economic growth in the EU will be rather decent, the Commission says. In the Eurozone, the GDP will shrink by 0.4% this year. In its prior forecast, the Commission estimated the negative growth rate to reach 0.3%.

The inflation rate in the Eurozone is expected to come at 2.5% in 2012. Next year, the Commission anticipates that the inflation goes down to 1.8%. In the…