Euro doubts remain despite EC growth forecasts

Recent data shows that eurozone recovery is now “proceeding on increasingly firm ground”, said the report. GDP growth was stronger than expected in the first quarter, and survey indicators are again pointing towards recovery on the back of strengthening business sentiment.

Improved consumer demand and solid world trade are all improving the outlook for 2004, the EC said, and its previous predictions could prove conservative. “Overall, recent data suggest that our spring forecast – considered opt