UK Experts Forecast Increase in Euro Zone GDP in 2010

Business Materials 29 November 2008 13:09 (UTC +04:00)

Azerbaijan, Baku, November 29/ Trend corr A. Badalova/ Capital Economics independent macroeconomic research consultancy of the United Kingdom forecasts increase in GDP of Euro zone by 0.5% by in 2010.

In Q3 of 2008, Euro zone GDP fell by 0.2% to 0.7%. This indicator will remain the same in Q4 of 2008. The GDP will grow by 1% in 2008, according to Capital Economics forecast.

In 2009, GDP will fall by 1% in the region. The greatest fall in this indicator will take place in Q4 - 0.4%.

The index of consumer prices will total to 1.1% in 2011 as compared to 3.3% in 2008. In Q4 of 2008, this index of consumer prices will fall to 2.5%.

The unemployment rate will increase from 7.5% in 2008 to 9.3% in 2009.

Capital Economics forecasts euro's depreciation versus dollar by 0.4% to $1.20 as compared to $1.25 in 2008.

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