Prediction for growth in Europe is raised
European economic growth will be stronger next year than predicted, jobs are being created faster than in any year this decade and inflation will probably remain subdued, the European Commission said.
The commission raised its prediction for 2006 growth in the euro zone marginally, to 2.6% from 2.5%, and sharply increasing for 2007, to 2.1% from 1.8%.
The commission forecast growth of 2.2% in 2008 in the common currency zone and 2.4% in the 25-country European Union, roughly on par with U.S. growth forecast at 2.3%.
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