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EU: Our Economy Will Outpace U.S. in '07
The EU's economy will outpace the United States this year as its current upswing could become "durable," driven by increasing demand at home, the European Commission said Friday as it raised growth figures for 2007. It forecast both the entire European Union and the euro currency area would grow at a brisk pace this year, upping its prediction for the euro10.9 trillion (US$14.3 trillion) EU economy to grow by 2.7 percent - instead of 2.4 percent - and raising its euro-zone forecast to 2.4 percent from 2.1.
The EU executive said the United States will grow 2.5 percent.
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