This information provided by the Basque News and Information Channel forcasts fast growth for the Euro as well as the economy of the EU. The conomy is expected to expand faster than previously forcasted and the unemployment rate is supposed to drop to the lowest rate in 15 years. The author also commented briefly about the United States dollar (against the Euro), as well as the the disclaimer that these forecasts are dependant upon other economies such as the U.S. and Asia.
This was just interesting, not just in the forcasting of the economy of the European Union, but also to see how intertwined economies of the world are currently. For example, these forcasts can be “shadowed” if there is a downturn in the U.S. housing market – not the first thing I would have thought of when thinking about what affects the European Union. Also, economies in Asia can prove to be a counterbalance to any changed in the United States.
