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BRUSSELS, Belgium (AP) - The European Commission on Monday forecast faster economic growth than expected this year for nations using the euro and for the full European Union, with unemployment dropping to the lowest levels in 15 years.
It estimated 2.6 percent growth in 2007 for the 13 nations using the euro — up from an earlier forecast of 2.4 percent — and 2.9 percent growth for the entire 27-nation, rather than the previously expected 2.7 percent, due to a boost in investment and household spending.
The 10.9 trillion euro ($14.78 trillion) EU economy should add another 5.5 million new jobs in 2007 and 2008, cutting unemployment rates to levels not seen since the early 1990s, the European Commission said in its spring economic forecast.
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