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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (30796)	5/26/2005 12:14:55 PM
From: mishedlo	Read Replies (1) of 116555

S&P cuts 2005 euro zone growth forecast to 1.3 pct from 2.0 Thursday, May 26, 2005 2:33:41 PM afxpress.com BRUSSELS (AFX) - Standard & Poor's said it has cut its growth forecast for the euro zone in 2005 to 1.3 pct from its previous forecast of 2.0 pct The ratings agency said it expects "roughly zero growth" in the second quarter, with a modest recovery taking place in the second half of the year. "Despite its well publicised problems, we believe that Germany stands a good chance of decoupling its economic performance from that of its major partners, especially France and Italy, in the medium term," said Jean-Michel Six, S&P's chief economist for Europe. "It could begin to reap some rewards from its better export profile and a more aggressive reform programme," he said

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