Europe: Bright prospects for 2006, says SFA
The Small Firms Association says the economic prospects for 2006 are strong after what it describes as a 'remarkable' 2005. In its end of year statement, the group forecasts economic growth of 5% next year, with continued full employment and 5% higher consumer spending. The SFA says underlying inflation is low, but any further interest rate increases by the European Central Bank could push the headline inflation rate higher.
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