The European economy is sighting towards a more optimistic future. According to Jean-Claude Trichet, President, European Central Bank the growth forecast in the European Union has been raised from a meager 1% to a 1.6%. Though, Mr. Trichet has further stated that there is a possibility of the growth to slow down by 2011 to 1.4%.
Goldman Sachs has though raised expectations by stating that possible growth in 2011 could be around 2.4% while for the current financial year it could possibly be around 1.7%.
For more: Europe Economy Looks Towards a Brighter Forecast | TopNews United Kingdom
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