Experts cut eurozone growth forecast to 1.4%

ECONOMIC experts who were surveyed for the European Central Bank’s latest monthly bulletin have cut their forecasts for eurozone growth this year from 1.8% to 1.4%.

In the quarterly Survey of Professional Forecasters published in the bulletin yesterday, the ECB said:

“The downward revision of growth prospects for 2003 seems to be the result of high uncertainty associated with geopolitical tensions which are affecting the global economic and financial situation.”