European Commission Raises Economic Growth Forecasts
The commission said that the 27-member EU would probably grow by 1.8% in 2010, compared with an earlier forecast of 0.9%, The Wall Street Journal reported. The commission forecast growth of 1.7% for the euro zone, compared with an earlier forecast of 0.9%.
"The global economy is still expected to go through a soft patch in the second half of the year, implying a dampening effect on EU export growth," the commission said.
The commission said it does not expect a so-called double dip recession.